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Mahesh ( )     03 January 2015

Death of first holder in jointly held property

Dear Sir,

I bought a house jointly with my wife from a developer. I was the First Holder and my Wife was Second holder in the agreement.
 
When Society was formed share certificate was issued in the same way i.e., my name is First and my Wife's name is Second. We both have signed and submitted nomination form nominating our Son with Society.
 
1. In case of my death, will full membership of the Society be transferred in my Wife's name who is the Second holder. If Yes, what would be the process for the same.
If not what would be the position.
 
2. Can I nominate my Wife. Will she then get full membership in case of my death.
 
3. Can my wife (Second Holder) nominate me so I get full membership in case of her death.
 
Kindly clarify and help.
 
Thanks.


Learning

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