s 74

Terms used

In force

In this Division —

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

(a)

the member’s membership; and

(b)

any credit balance due 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;

transfer, of an interest, includes the payment of money.

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