s 45 Nomination
45.—(1) Subject to subsection (3), a member of a society may in writing nominate a person in the presence of at least 2 witnesses, to whom on the death of the member the society may transfer the share or interest.[3/2009] (2) Every society must keep a register of all persons so nominated. (3) Where a society is the insurer of any relevant policy, and a member of the society is the policy owner of that relevant policy, the member is not entitled, on or after 1 September 2009, to nominate under subsection (1) any person to whom on the death of the member the society may transfer the member’s share or interest in any policy moneys under that relevant policy.[3/2009] (4) In this section —“policy owner” and “policy moneys” have the meanings given in the First Schedule to the Insurance Act 1966; “relevant policy” has the meaning given by section 131 of the Insurance Act 1966.[3/2009]