19. Payment of sums not exceeding $250 when members or depositors die intestate
If any member of or depositor with a society, having in the funds thereof a sum of money not exceeding $250, dies intestate, the amount due may be paid to the person who appears to the directors or committee of management of the society to be entitled, under the law regulating the devolution of personal estate applicable to the case, to receive the same, without taking out letters of administration, upon the society receiving satisfactory evidence of death and a statutory declaration that the member or depositor died intestate and that the person so claiming is entitled as aforesaid.
However, whenever the society after the decease of any member or depositor has paid any such sum of money to the person who at the time appeared to be entitled to the effects of the deceased, under the belief that such deceased had died intestate, the payment shall be valid and effectual with respect to any demand from any other person as heirs or as the lawful representative of such deceased member or depositor against the funds of the society, but nevertheless such heir or representative shall have his or her lawful remedy for the amount against the person who received the same.