Co-operatives (National Uniform Legislation) Act 2015
102Meaning of interest
Start here
Get a plain-English read of 102
Turn the raw legal text into a practical explanation grounded in Co-operatives (National Uniform Legislation) Act 2015.
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
Co-operatives (National Uniform Legislation) Act 2015 78 (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