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Section 98H: Right for affiliation or disaffiliation with a federal society

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

(1) A Co-operative Credit Structure society registered under Karnataka Co-operative Societies Act, 1959 shall be eligible to become a member of a Federal cooperative or a Secondary co-operative registered under the provisions of Karnataka Souharda Sahakari Act, 1997.

(2) A co-operative registered under Karnataka Souharda Sahakari Act, 1997 may become the member of a Federal society or a Secondary society registered under Karnataka Cooperative Societies Act 1959.

(3) A co-operative society under the Co-operative Credit Structure shall be at liberty to affiliate or disaffiliate with any Federal society or a Secondary society of its choice keeping in view the financial position of the Federal society or the Secondary society:

Provided that a resolution approving such affiliation or disaffiliation with a Federal society or a Secondary society shall be passed in the annual general meeting held for the purpose with three fourths majority of the total members:

Provided further that before dis-affiliation, the society shall discharge its financial liability, if any, to the society from whom it is dis-affiliating.

Where this provision sits

ActKarnataka Co-Operative Societies (Amendment) Ordinance, 2009
Section98H
Marginal noteRight for affiliation or disaffiliation with a federal society
JurisdictionState of Karnataka
StatusIn force as published by the source

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