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 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.

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 member but is residing in the Unit as their principal residence on a full-time basismember, 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 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.

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 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 Sharesshares.