A multi-State co-operative society shall have a charge on the share or contribution or interest in the capital and on the deposits of a member or past or deceased member and on any dividend, bonus or profits payable to a member or past member or the estate of a deceased member in respect of any debt due from such member or past member or the estate of such deceased member to the society and may set-off any sum credited or payable to a member or past member or the estate of deceased member in or towards payment of any such debt.
Section 55: Charge and set-off in respect of share or contribution or interest of members.
The Multi-State Co-operative Societies Act, 2002Central Act · Act 39 of 2002
Where this provision sits
| Act | The Multi-State Co-operative Societies Act, 2002 |
|---|---|
| Section | 55 |
| Marginal note | Charge and set-off in respect of share or contribution or interest of members. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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