Northern Territory Consolidated Acts

CO-OPERATIVES ACT - SECT 78

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

        (a)     the member's membership;

        (b)     any credit balance due to the member;

        (c)     any loan from or to or deposit with the co-operative; and

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