law: Co-Operative Societies Act 2008 
  200.
  
  Deposits
  1.      Subject to section
  
  16, a credit union may, without the authority, aid, assistance or intervention
  
  of any other person or officialŚ
  a.     
  
    receive
  
  deposits from any person, whatever his age, status or condition in life whether
  
  or not that person is qualified by the law to enter into ordinary contracts;
  
  and
  b.    
  
    pay
  
  any or all of the deposits and any or all of the interest on the deposit to or
  
  to the order of that person unless, before payment, the money so deposited is
  
  claimed by some other personŚ
                       
  
   i.        
  
    in
  
  any action or proceeding to which the credit union is a party and in respect of
  
  which service of a writ or other process originating such action or proceeding
  
  has been made on the credit union; or
                      
  
   ii.        
  
    in
  
  any other action or proceeding pursuant to which an injunction or order made by
  
  the Court requiring the credit union not to make payment of the money or to
  
  make payment of it to a person other than the depositor has been served on the
  
  credit union, and in that case the money so deposited may be paid to the depositor
  
  with the consent of the claimant or to the claimant with the consent of the
  
  depositor.
  2.      Deposits may be
  
  accepted in the manner and form and on any conditions that may be prescribed in
  
  the Regulations.