The share or interest of a member in the capital of a society, or in the loan stock issued by a co-operative housing society, or in the funds raised by a society from its members by way of savings deposit, shall not be liable to attachment or sale under any decree or order of a court for or in respect of any debt or liability incurred by the member, and accordingly, neither a receiver under the Provincial Insolvency Act, 1920 (V of 1920), nor any such person or authority under any corresponding law for the time being in force, shall be entitled to, or have any claim on, such share or interest.
Section 31: Share or interest not liable to attachment
The Goa Co-operative Societies Act, 2001State Act of Goa · Act 36 of 2001
Where this provision sits
| Act | The Goa Co-operative Societies Act, 2001 |
|---|---|
| Section | 31 |
| Marginal note | Share or interest not liable to attachment |
| Jurisdiction | State of Goa |
| Status | In force as published by the source |
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