QLDIn ForceAct
Co-operatives National Law (Queensland)
sec.102Meaning of “interest”
Start here
Get a plain-English read of sec.102
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law (Queensland).
sec.102 Meaning of “interest”
In this Division— interest , of a deceased member, in a co-operative, includes— the member’s membership; and any credit balance payable to the member; and any loan from or to, or deposit with, the co-operative; and any surplus arising on the sale by the co-operative as mortgagee of any property mortgaged by the deceased to the co-operative.
- (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.