Section 16: Nominal or associate members

The Punjab Co-Operative Societies Act, 1961Union territory Act of Chandigarh · Act 25 of 1961

(1) Notwithstanding anything contained in clause (d) of section 15, a co-operative society may admit any person as a nominal or associate member in accordance with its bye-laws.

(2) A nominal or associate member shall not be entitled to any share in any from whatsoever, in the assets or profit of the co-operative society.

(3) Save as provided in this section, a nominal or associate member shall have such privileges and rights of a member and be subject to such liabilities of a member, as may be specified in the bye-laws of the society.

SECTION - 17

Where this provision sits

Act	The Punjab Co-Operative Societies Act, 1961
Section	16
Marginal note	Nominal or associate members
Jurisdiction	Union territory of Chandigarh
Status	In force as published by the source

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