Nomination by associate members
Shailesh Phillips
(Querist) 15 November 2012
This query is : Resolved
Dear All,
My query is regarding Nomination in a Co-op Housing Society.
Member "A" made a nomination in the names of her family members "b" "c" "d" (1/3 share for each nominee. On the death of Member "A" the society transferred the share certificate in the names of the three Nominees "b""c" & "d". Nominee "b" was made the member and "c" & "d" were admitted as Associate members. (as mentioned in the Share Certificate).
Subsequently the Society received nominations from "b" "c" & "d".
MY QUERY BASED ON THE ABOVE IS CAN THE SOCIETY ACCEPT AND RECORD NOMINATIONS FROM ASSOCIATE MEMBERS?
Hemant Agarwal
(Expert) 16 November 2012
Associate members have no rights to Nominate / Gift / Transfer immovable property to anybody, UNLESS & UNTILL THEY ARE DECLARED AS LEGAL HEIRS, BY THE COMPETENT COURTS.
Keep Smiling .... Hemant Agarwal
Shailesh Phillips
(Querist) 16 November 2012
Thank you Sir, for your Expert advice on the matter...
