Meaning of “interest”

Current

In this Division—

interest, of a deceased member, in a co-operative, includes—

(a)

the member’s membership; and

(b)

any credit balance payable to the member; and

(c)

any loan from or to, or deposit with, the co-operative; and

(d)

any surplus arising on the sale by the co-operative as mortgagee of any property mortgaged by the deceased to the co-operative.

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