This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 382.— In the case of a lost deposit receipt, should the depositor be required to furnish a bond before paying the amount?
Answer.—A deposit receipt is not transferable; the banks do not incur any responsibility to any party, other than the depositor himself, who may hold the document, unless the banks are notified of a transfer of the claim. It is therefore safe enough to pay a lost receipt without a bond.
 
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