Financial Intermediaries Act 1996
sec.87Cessation of membership
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sec.87 Cessation of membership
A person ceases to be a member of a society as provided by the society’s rules. If a member of a society dies, the member’s estate remains liable to pay an amount due by the member to the society under the society’s rules. (sec.87-ssec.1) A person ceases to be a member of a society as provided by the society’s rules. (sec.87-ssec.2) If a member of a society dies, the member’s estate remains liable to pay an amount due by the member to the society under the society’s rules.