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Section 24: Restriction on withdrawal of shares

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

Subject to the other provisions of this Act, no withdrawal by a member of his share in a society shall be valid unless-

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

(b) such withdrawal is in accordance with the bye-laws of the society.

32 substituted by Act 1 of 2000

Where this provision sits

ActKerala Co-operative Societies Act 1969
Section24
Marginal noteRestriction on withdrawal of shares
JurisdictionState of Kerala
StatusIn force as published by the source

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