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Co-operatives National Law Application Act 2013
102Meaning of “interest”
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102 Meaning of “interest”
interest, of a deceased member, in a co-operative, includes:
(a) the member’s membership; and
(b) any credit balance payable to the member; and
(c) any loan from or to, or deposit with, the co-operative; and
(d) any surplus arising on the sale by the co-operative as mortgagee of any property mortgaged by the deceased to the co-operative.