Legal Question in Real Estate Law in India

Nominations

Member ''A'' Makes a nomination in favour of ''B'' ''C'' & ''D'' in the ratio of 1/3. each. Member ''A'' passes away. The Co-op society admits the three members as per the nomination made. ie B C& D in the order of the nomination.

each of the three members B C & D are rightfully claiming 1/3 share holding in the society and therefore wish to make further nominations on their 1/3 share, is this acceptable by law?


Asked on 6/25/07, 5:55 am

2 Answers from Attorneys
kavitha balakrishnan kpp associates

Re: Nominations

it is quiet permissible .. provided that the bylaws of the society provides rules for appointment of nominees to that effect.

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Answered on 6/26/07, 1:04 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Nominations

A Nominee is merely a trustee for the legal heirs of the deceased person. Proper recourse is to have rights legally determine and then decide the manner of disposal thereof.

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Answered on 6/26/07, 4:10 am


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