Section 46: Prohibition against being interested in contracts, etc

Madhya Pradeh Co-Operative Society Rules, 1962State Rules of Madhya Pradesh · 1960

(1) No officer of a society shall have any interest , directly or indirectly o therwise than as such officer ,-

(a) in any contract made with or by the society; or

(b) in any property sold or purchased by the society; or

(c) in any other transaction of the society, except as investment made or as loan taken from the society or the provision of residential accommodation by the society to any paid employees of the society.

(2) No officer of a society shall purchase, directly or indirectly, any property of the member of the society sold for the recovery of his dues to the society.

Where this provision sits

Act	Madhya Pradeh Co-Operative Society Rules, 1962
Section	46
Marginal note	Prohibition against being interested in contracts, etc
Jurisdiction	State of Madhya Pradesh
Status	In force as published by the source

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