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Cap. 442 · cap/442 (Cap. 442)

Cap. 442 Art. 60Withdrawal.

PART V

In forceOfficial text

(1) A member may withdraw from a society subject to such conditions, and by giving to the society such notice, as may be prescribed by the statute.

(2) The amount that should be paid to the withdrawing member for the redemption of his share or interest shall be the nominal amount thereof.

(3) The statute of a society may stipulate the manner in which such payment is to be effected.