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Section 24: Transfer of interest on death of member

The Assam Co-operative Societies Act, 1949State Act of Assam · Act 1 of 1950

When a member of a registe society dies his shares and interest in the society shall, subject to the provisions this Act, be transferred—

(a) to the person, if any, nominated in accordance with the provision section 23 ; or

(b) if there be no such nominee or if the nominee is not available or:

difficult to be ascertained by the managing body, or if for any other cause sa transfer cannot be made without unreasonable delay or difficulty, to the persons may appear to the managing body to be the heir or legal representative of ti deceased member; provided that ninety days have elapsed from the date of member’s death. No new claim shall be entertained after the said period of nine days.

Where this provision sits

ActThe Assam Co-operative Societies Act, 1949
Section24
Marginal noteTransfer of interest on death of member
JurisdictionState of Assam
StatusIn force as published by the source

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