Transfer of interest on death permits societies to transfer or pay a deceased member's share to nominee or heir. A registered society must transfer a deceased member's share to a nominated person or to the committee-recognised heir or legal representative, or pay the ascertained value; unlimited liability nominees may require payment, while limited liability societies must transfer to a qualified nominee or heir or, on timely application, to a specified qualified person. The society may also pay other moneys due to the deceased member, and such transfers and payments are valid against any claims by other persons.