Legal Question in Real Estate Law in India
My husband died without nomination for a house in co oprative society . He has taken housing loan from a bank which is paid after his death by me as a heir & the loan was cleared through L.I.C. policies which are given as a security for loan. For L.I.C. policies my nomination was there . I have submitted indemnity bond &* affidavate to nominate me & my daughters as per section 35 maharashtra co op society bylaws 1961 . But society demanded court succession certificate from me. My question is that besides above documents is there need of court succession certificate demand.
2 Answers from Attorneys
The society is not wrong in demanding succession certificate. You should apply to the concerned court for appropriate relief.
In the absence of nomination, society would ask for succession certificate for transmission of membership and shares in the name of heirs of deceased member.
Related Questions & Answers
-
My garnd maternal father died in 1948 without a will. His heris my mother & two... Asked 7/28/11, 11:37 pm in India Real Estate and Real Property
-
Not able to access to your answer with the key provided by you Asked 7/28/11, 7:12 am in India Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
