Procedure on death of a member Sample Clauses

Procedure on death of a member. ‌ The person entitled to the Shares of a deceased member, on providing proof satisfactory to the Directors of the death of the member and the person’s entitlement, may: [a] if the person is not a member but is residing in the Unit as their principal residence on a full-time basis, apply under Rule 2 for membership in the Co-op; or [b] apply to the Directors to redeem the Shares.
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Procedure on death of a member. The person entitled to the Shares of a deceased member, on providing proof satisfactory to the Directors of the death of the member and the person’s entitlement, may: [a] if the person is not a member but is residing in the Unit as their principal residence on a full-time basis, apply under Rule 2 for membership in the Co-op; [b] if the person is an associate member, and subject to Rule 2, requests that the Directors register the Shares of the deceased principal member in the name of the associate member; or [c] apply to the Directors to redeem the Shares.
Sample 1

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