Queensland Consolidated Acts

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COOPERATIVES ACT 1997 - SECT 77

77 Meaning of interest

In this division--

interest, of a deceased member in a cooperative, includes--

(a) the member's membership; and
(b) any credit balance payable to the member; and
(c) any loan from or to or deposit with the cooperative; and
(d) any surplus arising on the sale by the cooperative as mortgagee of any property mortgaged by the deceased to the cooperative.


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