Section 8. Deposits by custodian designated by administrator of veterans' affairs, or by person certified by social security administration

When  any deposit shall be made for the benefit of an individual by the person
  who has  been  designated  the  custodian  of  such  individual  by  the
  administrator  of  veterans' affairs pursuant to the provisions of title
  thirty-eight, United States code, "Veterans' Benefits", as  amended,  or
  when  a  deposit  shall  be  made  for the benefit of an individual by a
  person who has been certified by the social security  administration  as
  the  person to whom payment for the benefit of such individual should be
  made pursuant to the provisions of  an  act  of  congress  entitled  the
  "Social  Security  Act",  the  deposit,  together  with  any interest or
  dividends credited thereon,  may  be  paid  to  such  custodian  or  his
  successor  designated  by  the  administrator of veterans' affairs or to
  such  person  or  his  successor  certified  by  the   social   security
  administration,  and  the  receipt  or  acquittance of such custodian or
  person or such successor shall be a valid  and  sufficient  release  and
  discharge to the depositary for any payment so made.