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Section 98D: Ensuring membership to Depositors

Karnataka Co-Operative Societies (Amendment) Ordinance, 2009State Ordinance of Karnataka · No. 11 of 1959

(1) Every person or group holding a minimum deposit of rupees five thousand for a continuous period of minimum one year in a primary agricultural credit co-operative society shall become a member of the society by subscribing the minimum share capital specified in the byelaws and shall have full membership and voting rights:

Provided that a person having deposit of less than rupees five thousand for a period of less than one year shall remain a nominal member.

(2) A borrower group shall become a member of a primary agricultural credit cooperative society under sub-section (1) of Section 16 by subscribing the prescribed share capital specified in the bye-laws and shall have full voting rights.

(3) Every depositor group or borrower group admitted as a member under sub-section (1) of Section 16 shall be entitled to vote through one delegate nominated by the group.

Where this provision sits

ActKarnataka Co-Operative Societies (Amendment) Ordinance, 2009
Section98D
Marginal noteEnsuring membership to Depositors
JurisdictionState of Karnataka
StatusIn force as published by the source

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