Section 67: Distribution of fund of s dissolved society

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

On dissolution of a society, the reserve fund and any undisbursed cash in hand shall be applied to discharging the liabilities of the society and the repayment of the share capital. Any sum.

that may remain, shall be credited to the reserve fund of a society, to be formed to replace the dissolved society or, if there be no such society to any other 290 deserving society existing within the same area of operation and having objects similar to those of the dissolved society or, if there be no such society to any other registered society in Assam, as may be determined by the Registrar.

Where this provision sits

Act	The Assam Co-operative Societies Act, 1949
Section	67
Marginal note	Distribution of fund of s dissolved society
Jurisdiction	State of Assam
Status	In force as published by the source

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