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Bye-law 37Ch.3 · Membership

Payment to Heir or Legal Representative

Official Text
37. (a) Where there is a sole heir or legal representative, the value of the shares and interest of the deceased Member as determined under bye-law No. 36 shall be paid to such sole heir or legal representative. (b) Where there are two or more heirs or legal representatives, such value shall be distributed among them in the proportion determined by the Committee on the basis of their respective entitlements under the applicable law of succession.

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