GCSA 31 — Transfer of interest on death of member.

Gujarat Co-operative Societies Act, 1961

Statutory text

(1) On the death of a member of a society, the society shall subject shall subject to the provisions of sub-section (2) transfer his share or interest in the society to a person or persons nominated by such member in accordance with the rules or, in the absence of such nomination to such person as may appear to the Committee to be the heir or legal representative of such member.

(2) No such transfer shall be made unless such nominee, heir or legal representative, as the case may be, is duly admitted as a member of the society.

(3) Notwithstanding anything contained in sub-section(2), any such nominee, heir or legal representative, as the case may be, may require

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