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Section 33

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

(1) Subject to the provisions of Subsection (2), the liability Lia‘bflity 0' of a past member. or of the estate of a deceased member of a seeietypast membet and “ta“ for the debts of the society as they stood,— i d d . .?mm‘fxse (a) 1n the case of a past member, on the date on Which he ceased to be a member, and

(b) in the case of a deceased member,on the date of his death, shall, continue for a period of four yeats from such date.

(2) Where a. society is ordered to be wound np under any provision of this Act, liability of a past member or of the estate of a deceased member Who ceased to be aZmember 01' died, Within tWo years immediately preceding the date of the order of Winding up, shall continue until the entire liquidation-proceedings are completed ; but such liability shall extend only to the debts of the society as they stood on the date of his ceasing to be a member or death, as the case be.

34. Notwithstanding anything contained in any law for the time being in force, the dues of a society from a member, in insolvency proceedings against him, shall rank in order of priority next to the dues payable by him to Government or to a local authority.

Where this provision sits

ActThe Manipur Co-Operative Societies Act, 1976
Section33
JurisdictionState of Manipur
StatusIn force as published by the source

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