s 17
(1) On the death of a member, a registered Transfer of society may transfer the share or interest interest of the deceased member to the person nominated in accorddeath member. ance with the rules made in this behalf, or, if there is no person so nominatea, to such person as may appear to the Committee to be the heir or legal representative of the deceased member, or may pay to such nominee, heir or legal representative, as the case may be, a sum representing the value of such member's share or interest, as ascertained in accordance with the rules or by-laws: Provided that— (a) in the case of a society with unlimited liability such nominee, heir or legal representative, as the case may be, may require payment jy the society ot the value of the share or interest of the deceased member ascertained as aforesaid; (b) in the case of a society with limited liability, he societt may transfer the share or interest of the deceased member to sucl nominee, neir or lega representative, as the case may be, being qualitied in accordance with the rules and by-laws for membership of the society, or on his application within six months of the deatk of the deceased member to any person specified in the application who is so qualified. (2) A registered society may pay all other moneys due to the deceased member from the society to such nominee, heir, or legal representative, as the case may be. (3) All transfers and payments made by a registered society in accordance with the provisions of this sectior . shall be valid and effectual against any demand made upon the society by any other person. 8. (1) A registered society may receive deposits Deposit irom or for the benefit of minors and it shall be lawful by for a registered society to pay such minors the interest which may become due on such deposits. Any deposits the interest accrued thereon, be paid to the guardiar of that minor for the use of the minor +il Sul. A YT Janu) No. 33 OF 1948. (2) The receipt of any minor or guardian for money paid to him under this section shall be a sufficient discharge of the liability of the society in respect of that money. Register of members.