A registered society shall have a charge upon the share or interest in the capital and on the deposits of a member or past member and upon any dividend, bonus or profits payable to a member or past member in respect of any debt due from such member or past member to the society, and may set-off any sum credited or payable to a member or past member in or towards payment of any such debt.
Section 20: Charge and set-off in respect of shares or interest of member.
The Co-operative Societies Act, 1912Central Act · Act 2 of 1912
Where this provision sits
| Act | The Co-operative Societies Act, 1912 |
|---|---|
| Section | 20 |
| Marginal note | Charge and set-off in respect of shares or interest of member. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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