Clause 10

Any member of the Fund may by a memorandum executed in the prescribed manner nominate a person or persons to receive in his or their own right such portions of one-half of the amount payable out of the Fund under subsection (1) of section 12 of this Act on his death as the said memorandum shall indicate and the remaining one-half of such amount shall be paid to the Public Trustee to be distributed according to the provisions of the Second Schedule to this Act.(2) If at the time of the death of a member of the Fund, there is no person nominated under subsection (1) of this section, the total amount payable out of the Fund shall be paid to the Public Trustee to be distributed according to the provisions of the Second Schedule to this Act and if any person nominated, other than a widow, is under the age of eighteen years at the time of payment of the amount payable out of the Fund, this portion of the amount payable shall similarly be paid to the Public Trustee for the benefit of such nominated person.(3) The receipt of a person or persons nominated under subsection (1) of this section or of the Public Trustee shall be a discharge to the Board for such portions of the moneys payable out of the Fund on the death of a member as are payable to such person or persons or the Public Trustee under the provisions of subsection (1) or (2) of this section.(4) Any nomination made by a member of the Fund under subsection (1) of this section shall be revoked by his marriage.(5) Save as provided by subsection (6) of this section, any nomination made by a member of the Fund at any time prior to the date of the coming into operation of the Central Provident Fund (Amendment No. 2) Act, 1978, shall be deemed to have been made by the member under the provisions of this section.(6) The provisions of subsection (5) of this section shall not apply to any nomination made by a member of the Fund who has died at any time before the date of the coming into operation of the Central Provident Fund (Amendment No. 2) Act, 1978.”.