Transfer of interest on death of members.

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Full Text of the Document

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....deceased member to the person nominated in accordance with the bye‑laws made in this behalf or, if there is no person nominated, to such person as may appear to the board to be the heir or legal representative of the deceased member, or pay to such nominee, heir or legal representative, as the case may be, a sum representing the value of such member's share or interest as ascertained in acco....