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.