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Section 23: Restrictions on transfer of shares or interest

Kerala Co-operative Societies Act 1969State Act of Kerala · Act 21 of 1969

(1)The transfer of a share or interest of a member in the capital of a society shall be subject to such conditions and restrictions as to the maximum holdings as are specified in section 22.

(2)No transfer by a member of his share or interest in a society shall be valid unless-

(a)the member has held such share or interest for not less than three years; and

(b) the transfer is approved by the committee of the society

Where this provision sits

ActKerala Co-operative Societies Act 1969
Section23
Marginal noteRestrictions on transfer of shares or interest
JurisdictionState of Kerala
StatusIn force as published by the source

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