Whenever any moneys are payable to a minor whose mother is dead or to a person who is incompetent or has been adjudged insane, the board of trustees shall have the power to waive guardianship or conservatorship proceedings whenever in the judgment of the board it may be advisable to do so. The said board of trustees shall ascertain the name of the person caring for such minor and the name of the parent or relative providing for or caring for such incompetent or insane person, and shall notify in writing the trustee bank to pay such moneys to the person designated by said board of trustees as being the person who is caring for and providing for such minor or for such incompetent or insane person.
(Prior code § 22-11)