Section 55: Liability to be limited in respect of certain shares

The Maharashtra Co-operative Societies Act, 1960State Act of Maharashtra · Act 24 of 1961

Where any shares are purchased in a society by—

(a) the State Government ; or

(b) an Apex society from the Principal State Partnership Fund, or a Central Society from the Subsidiary State Partnership Fund, as the case may be ;

the liability in respect of such share shall, in the event of the society of which the shares are purchased 2[being wound up], be limited to the amount paid in respect of such shares.

Where this provision sits

Act	The Maharashtra Co-operative Societies Act, 1960
Section	55
Marginal note	Liability to be limited in respect of certain shares
Jurisdiction	State of Maharashtra
Status	In force as published by the source

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