South Australian Consolidated Acts

CO-OPERATIVES ACT 1997 - SECT 78

78—Meaning of interest

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;

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