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Home Cooperative Queries

Can a member by nomination appoint another nominee?

Mr. I C Naik by Mr. I C Naik
November 16, 2015
in Cooperative Queries
0
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Imtiaz Kazi 

I shall be grateful to hear from you regarding my following query.

Details are as under:

1.A widow residing in Pune, Maharashtra nominates her SON as nominee. After her death, the society transfers the share/interest of the deceased member to the nominee.

2.The deceased widow has not made any will. The SON has not established his heir-ship, nor has produced any succession certificate. Society is not aware of existence of any other legal heir.

3.In effect the SON holds the property in the capacity of a trustee on behalf of other legal heirs, if any.

4.Now the same person wants to make nomination. Can such member by nomination appoint another nominee?

I C Naik

Yes, only after he is admitted to membership.

Tags: cooperativesMembershipNominationnominee
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