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Section 24

The Manipur Co-Operative Societies Act, 1976State Act of Manipur · Act 14 of 1976

(i) Notwithstanding anything contained in section 22, a. society may admit any person as a nominal, associate or sympathiser member.

(ii) A nominal or sympathiser member shall not be entitled to any share In any form whatsoever in the profits or assets of the 11 Person! Who may not be member.

Restriction of membership, Communication of decision re fusing admission, Open mem— bersbip.

Nominal, associate and sympathiser member.

1‘2 No rights of membership to be exercised till due payments are made, Voting powers of members.

Restrictions on holding of shares.

society as Such member. A nominal or sympathiser member shall ordinarily not have any of the privileges and rights of a member, but such a member, or an associate member, may, subject to the provisions of sub-seetion (8) of section 27,‘ have such p=~ivileges and rights and be subject to such liabilities of a member, as may be specified in the byelaws of the society.

25. A person shall cease to be a member of a society on his resignation from the membership thereof being accepted, or on the transfer of the whole of his share or interest in the society to another member, or on his death, or removal or expulsion from the Society.

26. No person shall exerciSe the rights of a member of a society, until he has made such payment to the Society in respect of membership, or acquired Such interest in the society, as may be prescribed by the rules, or the bye—laws of such society.

Where this provision sits

ActThe Manipur Co-Operative Societies Act, 1976
Section24
JurisdictionState of Manipur
StatusIn force as published by the source

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