Amendment status not verified — confirm the current text below against the official source.
(1) On the death of a Sbramii, member the interest on Shramik Bahini may transkr tlit; shares or interest of death of a b Shramik the deceased Sbramik mern er to the person uomi- . membei:. nated in accordance will1 the rules made iu this behalf or, if there is no person so nominated, to such person as may ::.ppear to the Executive Committee to be the heir, or legal represetctative of the deceased Shramik member, or pay to such nominee, heir or re;:>resentative, as the case may be, a sum representing the value of such Shramik member's share or interest, as ascertained in accordance with the rules or regula· tions: Provided that such nominee, heir or legal rrprese-n- tative, as the case may be, may require p:1yments by the Shramik Bahini of the value of the shares or interest of the deceased Shramik member ascer- tained as aforesaid. (2) The Shramik Bahini may pay all other moneys due to the deceased Shramik member from the Shramik Bahini to such nominee, heir or legal representative, as the case may be. (3) All transfers and payments made J:>~ a Shramik Bahini in accordance with the prov1s10ns of this section shall be valid and effectual against any demand made upon the Shramik Bahini by any other person or claimant. Liability of