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The Pamphlet Collection of Sir Robert Stout: Volume 7

XIX.—Member Dying

XIX.—Member Dying.

In case of a member dying, his widow or orphans or legatee shall be entitled to receive the net amount of subscription paid and such amount of profit on each share as is provided in Rule XVIII., up to the time of his death; the executors or administrators of such deceased member or any of them may, after payment of all fines and subscriptions due from the deceased, transfer (exempt from payment of transfer fee) such deceased member's interest to any person who shall be approved of by the Committee; or if such executors or administrators, or any one of them, be desirous of continuing such interest in the Society, he may act and vote as a subscriber; nevertheless, one only shall vote, and the first executor named in the will shall be preferred. Provided always that no fines shall be incurred until the expiration of six months from the day of the decease of such member as aforesaid.