Australian Capital Territory Repealed Acts

This legislation has been repealed.

CO-OPERATIVE SOCIETIES ACT 1939 (REPEALED) NO 9 - SECT 30

    (1)     If any member or person, entitled, in relation to any share in, loan to, or deposit with, a society, to a sum of money not exceeding $200, dies intestate, the board may, on the evidence it considers sufficient, pay the money to any person who appears to the board to be entitled to obtain a grant of administration of the estate of the deceased and the person so paid shall hold the money on the same trusts as if he or she had obtained such a grant.

    (2)     This section applies in relation to any surplus, not exceeding $200, arising on the sale by the society as mortgagee of any property mortgaged by the deceased to the society.

    (3)     Nothing in this section shall affect the rights of a nominee under any nomination made by a member and then subsisting.

    (4)     Any payment made by the board in accordance with this section is valid and effectual against any demand made on the society by any other person.