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Repay Pension of Deceased If No Funds Available?

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Question: 
Is there anything in writing stating a financial institution is not obligated to re-pay pension payments of a deceased if no funds are available?
Answer: 

The more important question is whether or not there is anything that says the bank would be obligated to re-pay and the answer to that question is there is not.

First published on 10/11/2015

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