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Section 59: Disposal of Principal or Subsidiary State Partnership Fund on winding up of Apex or Central society

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

(1) If an Apex society which has established a Principal State Partnership Fund is wound up or dissolved, all moneys to the credit of, or payable to that Fund, shall be paid to the State Government.

(2) If a Central society which has established a Subsidiary State Partnership Fund is wound up or is dissolved, all moneys to the credit of, or payable to that Fund shall be paid and credited to the Principal State Partnership Fund from which it received moneys under clause (b) of sub-section (2) of section 52.

Where this provision sits

ActThe Maharashtra Co-operative Societies Act, 1960
Section59
Marginal noteDisposal of Principal or Subsidiary State Partnership Fund on winding up of Apex or Central society
JurisdictionState of Maharashtra
StatusIn force as published by the source

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