Section 29: Liability of past member and estate of deceased member for the debt of the society.

(1) The liability of a past member for the debts of a registered society as they existed on the date on which he ceased to be a member shall not continue for a period of more than two years from the date he ceased to be a member.
(2) The estate of a deceased member shall not be liable for the debts of the society as they existed on the date of his death, for a period of more than two years from the date of the member's death.
(3) If an order to wind up a society becomes necessary and is made immediately after the period of two years stated in subsections (1) and (2) of this section, the liability of the past or deceased member shall continue until the entire liquidation process of the society is completed, provided that liability shall extend only to the debt of the society at the time of his ceasing to be a member or of his death.