The members of a registered cooperative society shall in the winding up of the co-operative society be jointly and severally liable to contribute towards any deficiency in the assets of the cooperative society, subject to such limitation of amount as may be provided in the bye-laws.
Section 25: Liability of members on winding up of Co-operative Society with limited Liability.
The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)State Act of Meghalaya · Act 11 of 2015
Where this provision sits
| Act | The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015) |
|---|---|
| Section | 25 |
| Marginal note | Liability of members on winding up of Co-operative Society with limited Liability. |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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