Northern Territory Consolidated Acts Northern Territory Consolidated Acts79. Transfer of share or interest on death of member
Subject to section 168,
on the death of a member, the board must transfer the deceased member's share
or interest in the
co-operative to:
(a) the personal representative of the deceased member; or
(b) to the person that the deceased's personal representative specifies in an application made to the co-operative within 3 months after the death of the member.