Any member, past member or nominee, heir or legal representatives of a deceased member removing or otherwise disposing of or suffering to be removed or otherwise disposed of, any property on which a registered co-operative society holds a first charge under section 47 with intent to defraud the co-operative society or with such intent doing any other act to the prejudice of the co-operative society’s first charge, shall be punishable with fine equivalent to the value of the property.
Section 76: Punishment for disposing property in contravention of section 47.
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 | 76 |
| Marginal note | Punishment for disposing property in contravention of section 47. |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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