Which statement is true for societies with unlimited liability regarding valuation of a deceased member’s shares?

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Which statement is true for societies with unlimited liability regarding valuation of a deceased member’s shares?

AValued on audited balance sheet, subject to a cap

BValued at book value or market value, whichever is higher

CDetermined by Registrar in all cases

DExactly equal to the amount that the society received from the member

Answer:

D. Exactly equal to the amount that the society received from the member

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