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Section 35: Appointment of nominee

Co-operatives Act · PART VI: RIGHTS AND OBLIGATIONS OF MEMBERS

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

35. Appointment of nominee (1) Every individual member shall, at the time he joins the society, appoint at least one nominee to whom his share or interest in the society shall be transferred or paid out on his death or in case of insanity. (2) An appointment under subsection (1) shall be made in writing and signed by the member in the presence of 2 attesting witnesses. (3) Every appointment of a nominee shall be recorded in the register of members. (4) A member may, at any time, in writing, revoke and replace a nominee previously appointed by him.

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