RULES & REGULATIONS - ONE°15 Marina Club

Rule shall prejudice the right of the Club to recover any amount due prior tothe date the Member's name is removed from the Register of Members.BANKRUPTCY, CONVICTION, ETC.26.1 AUTOMATIC TERMINATION: If any Member becomes of unsound mind or isthe subject of winding-up proceedings (voluntary or compulsory), or (being aMember which is a partnership) is dissolved (save where the dissolution is dueto the death of one of the partners) or is adjudicated a bankrupt or makes acomposition with his creditors under the provisions of any statute or isconvicted of any offence (other than a traffic offence) such a Member shallautomatically cease to be a Member. PROVIDED that if such Member'sadjudication is annulled or his conviction is set aside, the Club may in itsabsolute discretion restore him as from the date when he ceased to be aMember. Nothing in this Rule shall prejudice the right of the Club to recoverany amount due prior to the date of cessation.26.2 DEATH OF A NOMINEE: In the case of the death of a Nominee, the Membermay subject to the payment of an administrative fee of such amount as may bedetermined from time to time, nominate another Nominee in substitution of thedeceased Nominee.26.3 DEATH OF AN INDIVIDUAL MEMBER: On the death of a Member, the Clubshall upon the production of a grant of probate or letters of administration, asthe case may be, transmit the membership of the deceased Member to suchperson nominated by the personal representative of the deceased Member'sestate (who is a natural person above the age of 21years of age) and who isacceptable to the Club, Provided That if the person so nominated is not animmediate family member of the deceased Member, the fees payable as setout in Clause 8.2 shall be payable by the deceased Member's estate. Thedeceased Member's estate shall remain liable for all sum; due and payable bythe deceased Member prior to his date of death.Provided Further That the Club shall not be required to transmit themembership unless the administrator, the executor, the next of kin or the legalbeneficiary of the deceased Member has notified the Club in writing of thedeath of the deceased Member within one (1) year from the date thereof; uponthe default of such notification, this deceased Member's membership shall bedeemed terminated without prejudice to the Club's rights in respect of anyantecedent breach or any outstanding account. Prior to the deceasedMember's membership being transmitted, the estate of the said Member shallfirst settle all sums due and payable by the deceased Member to the Club priorto his date of death. Any cost and expense incurred or to be incurred foreffecting such transmission (including the solicitors' costs of the Club on a fullindemnity basis) shall be borne by the administrator or the executor, as thecase may be.Page | 15