Common use of Procedure on death of a member Clause in Contracts

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, apply under Rule 2 for membership in the Co-op; [b] apply to the Directors to redeem the shares.

Procedure on death of a member. The person entitled to the shares 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 membermember 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 sharesShares.

Procedure on death of a member. ‌ The person entitled to the shares 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 membermember 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 sharesShares.

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 membermember 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] apply to the Directors to redeem the shares.