| (1) | If the rules of a society so provide, and subject to any conditions or limitations that may be specified in the said rules, a member or former member of a society may, by writing under his hand delivered at or sent to the registered office of the society, nominate any person to whom any money payable by the society on the death of such member or former member shall be paid at his decease, and may from time to time revoke or vary any such nomination by writing under his hand similarly delivered or sent. |