Section 48: Liability to be limited in respect of certain shares.

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

Where any shares are purchased in a co-operative society by

(a) the Government ; or

(b) an apex society or a central society from the Principal Government Partnership Fund or the Subsidiary Government Partnership Fund as the case may be ;

the liability in respect of such shares shall, in the event of the co-operative society being wound up, be limited to the amount paid in respect of such shares.

Where this provision sits

Act	The Jammu and Kashmir Co-Operative Societies Act, 1989
Section	48
Marginal note	Liability to be limited in respect of certain shares.
Jurisdiction	Union territory of Jammu and Kashmir
Status	In force as published by the source

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