Section 27: Members not to receive any share upon dissolution.

The Meghalaya Societies Registration Act No.12 of 1983State Act of Meghalaya · Act 12 of 1983

If after the disposal and settlement of the property of a society and its claims and liabilities, there are any surplus assets, such assets shall not be paid to or distributed amongst the members of the society or any of them but shall be given to some other society to be determined-

(a) in the case of a dissolution under Section 24, by the votes of three-fourths of the members, or in default thereof, by the Registrar with the approval of the State Government; and

(b) In the case of a dissolution under Section 25,by the Court.

Where this provision sits

Act	The Meghalaya Societies Registration Act No.12 of 1983
Section	27
Marginal note	Members not to receive any share upon dissolution.
Jurisdiction	State of Meghalaya
Status	In force as published by the source

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