Question

According to Rule 21 (Valuation of Shares of a Deceased Member) of KCS Rules, in an unlimited liability co-operative society, how is the value of a deceased member’s shares paid to the nominee?

• A. At the actual amount paid by the member
• B. At the market value of the shares on the date of death
• C. At the book value of the shares as per the latest balance sheet
• D. At the value determined by a court of law

Answer 1

Answer:

A. At the actual amount paid by the member

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