Commonwealth Inscribed Stock Regulations
54Delivery of bearer securities on behalf of a deceased person
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54 Delivery of bearer securities on behalf of a deceased person
(1) Upon the death of a person who is entitled to receive from a Registrar any bearer securities not exceeding a face value of $20,000, the Treasurer may authorize the delivery of the bearer securities to such person as he thinks fit.
(2) No person shall have any claim against the Commonwealth in respect of any bearer securities delivered under this regulation but nothing in this regulation shall relieve the person to whom the bearer securities are delivered to account for or deal with the bearer securities in accordance with law.
Part IV Powers of attorney