Question

In the event of death of any of the joint depositors prior to maturity of the deposit the surviving depositor be at liberty though not bound and at its absolute discretion to against the security thereof, on such terms the bank may in its absolute discretion decide and such repayment before maturity and constitute a valid discharge.

•Please explain the above paragraph in simple way as I haven't understand it. ​

Answer 1

Answer:

HELLO MATE

IT MEANS,

If any depositer or his family members died before the deposits, the balance amount will be in lipil out staping.

hope it helps you mate.

please thank and mark my answer as brainliest.

humble request..... ✌

@ ANUSHA ❤✌

Answer 2

Answer:

AnsweR:

Heya Mate ☺️

The law anyway lays down that the joint holder or the nominee, if any, only holds the funds of the deceased as a trustee for the heirs and doesn’t become an absolute owner.

Hope it will be helpful :)....✍️

Be - Brainly