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Home Cooperative Queries

Can a committee of society transfer shares?

Mr. I C Naik by Mr. I C Naik
October 23, 2015
in Cooperative Queries
0
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Deepak Peswani

Can a committee of society transfer shares to the nominee in case of death of the flat owner.

The other legal heir has sent a letter claiming his share.

I C Naik

Committee has to entertain all claims for succession to the deceased member and admit a person who has been decided to be the legal heir by a competent court.

Tags: cooperativesELECTIONmemberssociety
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