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.