New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 81A

81A Meaning of “interest”

For the purposes of this Division, a deceased member’s "interest" in a co-operative includes each of the following:

• the member’s membership itself

• any credit balance due to the member

• any loan from or to or deposit with the co-operative

• any surplus arising on the sale by the co-operative as mortgagee of any property mortgaged by the deceased to the co-operative.