Estate liability for society debts continues for one year after a member's death under the statutory rule. The estate of a deceased member bears liability for debts of a registered society existing at the time of the member's death, and remains responsible for ... Summary
Estate liability for society debts continues for one year after a member's death under the statutory rule.
The estate of a deceased member bears liability for debts of a registered society existing at the time of the member's death, and remains responsible for those debts for a period of one year from the time of the member's decease, thereby limiting recovery to obligations extant at death within that one-year window.
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