Section 23: Restriction on transfer of shares or interest.

The Jammu and Kashmir Co-Operative Societies Act, 1989Union territory Act of Jammu and Kashmir · Act 10 of 1989

(1) The transfer of share or interest of a member in the capital of a Co-operative Society shall be subject to such conditions and restrictions as to the maximum holdings as are specified in section 22.

(2) No transfer by a member of his share or interests in a Co-operative Society shall be valid unless––

(a) the member has held such share or interest for not less than one year ;

(b) the transfer is made to a member of the Society ; and

Where this provision sits

Act	The Jammu and Kashmir Co-Operative Societies Act, 1989
Section	23
Marginal note	Restriction on transfer of shares or interest.
Jurisdiction	Union territory of Jammu and Kashmir
Status	In force as published by the source

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