Co-Operative Societies Act · 2015 Revised Edition · Part III · Duties and Privileges of Societies
17. Power to deal with property and interest of deceased members
Official textFrom Attorney General's Chambers, unchanged
On the death of a member, a registered society may transfer the share or interest of such member —
member
“member” includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws;
in the case of a deceased member who was a Muslim, to the legal representative of such member or to such person as may appear to the committee members to be a person entitled to such share or interest pursuant to any distribution made under any law relating to the distribution of estates;
Co-operative Societies 16
in the case of a deceased member who was not a Muslim, to the person nominated in accordance with the rules on his behalf or, if there is no such person so nominated, to such person as may appear to the committee members to be the successor or legal representative of such member, or may pay to such person, successor or legal representative, as the case may be, a sum representing the value of the deceased member’s share or interest, as ascertained in accordance with the rules or its by-laws.
If the deceased member was not a Muslim, and the successor or legal representative is not qualified for membership in accordance with this
Act, the rules or the by-laws, the registered society may, on the application of the successor or legal representative within 6 months of the death of the member, transfer his share or interest to any person specified in the application who is so qualified.
Notwithstanding subsection (1), if 6 months have elapsed since the death of a member who was a Muslim and —
the registered society is unable to ascertain who is the legal representative of the member;
no legal representative has been appointed or the estate of the member has not been distributed; or
the estate of such member has been distributed but the registered society is unable to ascertain who is the person entitled to such share or interest pursuant to the distribution, the registered society may pay to the Probate Officer a sum representing the value of the share or interest of such member, as ascertained in accordance with the rules or its by-laws.
A registered society may pay all other moneys due to a deceased member from the registered society to the legal representative, Probate
registered society
“registered society” means a co-operative society registered under this Act;
Officer, successor or other person, as the case may be, referred to in subsection (1) or (3).
officer
“officer” includes a chairman, secretary, treasurer, member, or other person empowered under the rules or by-laws to give directions in regard to the business of a registered society;
Terms defined in s 2
by-laws
Defined · s 2“by-laws” means the registered by-laws made by a society in the exercise of any power conferred by this Act, and includes a registered amendment of the by-laws;
committee members
Defined · s 2“committee members” means the governing body of a registered society, to whom the management of its affairs is entrusted;
member
Defined · s 2“member” includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws;
officer
Defined · s 2“officer” includes a chairman, secretary, treasurer, member, or other person empowered under the rules or by-laws to give directions in regard to the business of a registered society;
registered society
Defined · s 2“registered society” means a co-operative society registered under this Act;
Part IV
Part IV
Part iv a
Part V
Property and Funds of Registered Societies
Part VI
Audit, Inspection and Inquiry
Part VII
Part VIII
Surcharge and Attachment
Part IX
Disputes
Part X
Rules
Part XI