This blog post is for members of housing societies registered under the Maharashtra Co-operative Societies Act, 1960. A recent amendment, the Maharashtra Co-operative Societies (Amendment) Act, 2019, has introduced some key changes regarding the inheritance of flats and shares in a society upon a member's death. Key Points of the Amendment: A new section, 154(b), has been added to the Act. This section deals with the transfer of a deceased member's interest in the society's property. The society will transfer the share, right, title, and interest to: A person nominated by the deceased member according to the society's rules (if any). Heirs entitled to inherit the property based on: A legal heir certificate. A succession certificate. A testamentary document (like a will). A document of family arrangement. What if there's a Will? The amendment recognizes a "Will" as defined by the Indian Succession Act, 1925. A Will is a legal document outlin...
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