Rights of Membership when to be exercised by the transferee

Heading as printed in the official Model Bye-laws.

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Rights of Membership when to be exercised by the transferee. 40. The Transferee shall be eligible to exercise the rights of Membership on receipt of the letter in the prescribed form from the Society or order under section 22 or 23 of the Act from the Registrar; subject to the provisions of the MCS Act 1960, Rules and Bye-laws.

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Related provisions

MCS Act, 1960 — Chapter XIII-B

Section 154B-7 — Restriction on transfer of share or interest of a Member →Section 154B-12 — Transfer of share, right, title and interest →

transferee membership rights

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39. Disposal of transfer applications

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