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Section 47: Charge and set oil' in respect of shares or interest of members

The Assam Co-operative Societies Act, 1949State Act of Assam · Act 1 of 1950

A regislered society shall have a charge upon the share or interest in the Capital and ’ on the deposits of a member or past member or deceased member and upon any dividend, bonus or surplus payable to a member or past, member or (he estate ; of a deceased member in respect of any debt due from such member or past ' member or estate of such deceased member to tile society, and may set off any 1 sum credited or payable to a member or past member or estate of a deceased : ; member in or towards payment of any such debt.

Where this provision sits

ActThe Assam Co-operative Societies Act, 1949
Section47
Marginal noteCharge and set oil' in respect of shares or interest of members
JurisdictionState of Assam
StatusIn force as published by the source

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