(1) On the death of a nominator, the society or branch shall pay to the nominee the amount due to the deceased member, not exceeding the said sum of $480.
(2) The receipt of a nominee over 16 years old for any amount so paid shall be valid.
(3) Where the nominee is unwilling or refuses to be responsible for the funeral expenses of a deceased member or has not applied for the moneys payable by the society or branch on the death of such member within 12 hours after knowledge of the death of such member shall have come to the secretary of the society or branch of which the said deceased was a member the secretary shall be empowered in his or her discretion to make arrangements for the funeral of the member and to defray his or her funeral expenses out of moneys payable by the society or branch in respect of the death of the said member.