Bye-law 35Ch.3 · Membership
Transfer to Legal Heirs Where No Nomination
Official Text
35. (a) If a Member dies without making a nomination, or if the nominee dies before the Member, or if the nominee fails to apply for transfer within 6 months of the death of the Member, the Society shall, within one month of the expiry of the said period, publish a public notice in two local newspapers inviting claims to the shares and interest of the deceased Member.
(b) On receipt of claims, the Committee shall decide on the transfer of the shares and interest to the legal heir or heirs of the deceased Member on being satisfied about their title, and on receipt of an indemnity bond in the prescribed form.
(c) If there is a dispute as to the title, or if no consensus is reached among the claimants, the Society shall require the claimant(s) to produce a Succession Certificate or a Probate or Letters of Administration from a competent court before effecting the transfer.
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34. Transfer of Shares to Nominee after Death
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