1. The managing committee of the society should verify the nomination form duly submitted by the deceased member, and application for membership by new nominee.
2. The Society will act on the nomination immediately on death of the member and transfer the share or interest to the nominee, without waiting to find out who the actual owner of the share or interest is, so that there is no hindrance in the functioning of the society.
3. In the absence nomination, the society shall transfer the share or interest to such person as may appear to the managing committee to be the heir or legal representative of the deceased member provided he is duly admitted as a member of the society.
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