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Section 22: Charge and set off in respect of shares of interest of member

The Bihar Co-operative Societies Act, 1935State Act of Jharkhand · Act 6 of 1935

A registered society shall have a charge upon the share or interest in the capital and on the deposits or contribution of a member, past member or deceased member and upon any amount payable out of profits to a member or past member or to the estate of a deceased or the estate of such deceased member to the society, and may set-off any sum credited or payable to a member, past member of the estate of a deceased member in or towards payment of any such debt.

1. “sub- section (3) & (4)” added by (Amdt). Act 10 of 2002.

2. “ Sub- section (3)” renumbered as (5) by ibid.

3. Subs. by ibid.

Where this provision sits

ActThe Bihar Co-operative Societies Act, 1935
Section22
Marginal noteCharge and set off in respect of shares of interest of member
JurisdictionState of Jharkhand
StatusIn force as published by the source

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