Notwithstanding anything contained in the Provincial Insolvency Act, 1920, a mortgage or charge created by a member in favour of a co-operative society shall not be called in question on the ground that it was not created in good faith, for valuable consideration or on the ground that it was executed in order to give the society a preference over the other creditor of the member.
Section 59: Insolvency of mortgagor and charger
The Haryana Co-operative Societies Act, 1984 (22 of 1984)State Act of Haryana · Act 1 of 1984
Where this provision sits
| Act | The Haryana Co-operative Societies Act, 1984 (22 of 1984) |
|---|---|
| Section | 59 |
| Marginal note | Insolvency of mortgagor and charger |
| Jurisdiction | State of Haryana |
| Status | In force as published by the source |
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