How does Section 24 of KCS Act, treat the transfer of shares upon death of a member?
ATransfer or payment to nominee/legal heir is allowed per Act and bye‑laws after verifying claims and liabilities
BTransfer is automatically nullified and shares are forfeited by the society.
CShares are transferred only to the government nominees.
DTransfer is prohibited until all outstanding loans of the deceased are repaid by the heir.