Northern Territory Consolidated Acts Northern Territory Consolidated Acts67. Circumstances in which membership ceases - all
co-operatives
(1) A person ceases to be a member of a co-operative in each of the following circumstances and as otherwise provided by this Act:
(a) if the member's membership is cancelled under Part 6;
(b) if the member is expelled or resigns in accordance with the rules of the co-operative;
(c) if:
(i) the member becomes bankrupt; or
(ii) the member's property becomes subject to control under the law relating to bankruptcy,
unless provision is made to the
contrary in the rules of the
co-operative;
(d) on death;
(e) if the contract of membership is rescinded on the ground of misrepresentation or mistake;
(f) in the case of a member that is a body corporate, if the body is dissolved.
(2) On the death of a member, the member's estate remains liable as the member until the member's personal representative or some other person is registered in the member's place.