Section 91: Disposal of surplus assets.

The Multi-State Co-operative Societies Act, 2002Central Act · Act 39 of 2002

The surplus assets, as shown in the report of a liquidator of a multiState co-operative society which is wound up,--

(a) may, if the bye-laws of the multi-State co-operative society specify the purpose for which surplus shall be utilised, be utilised by the Central Registrar for the said purpose, and

(b) if the bye-laws aforesaid do not specify the purpose, be divided by the Central Registrar with the previous sanction of the Central Government, amongst the members of such multi-State cooperative society in such manner as may be prescribed.

Where this provision sits

Act	The Multi-State Co-operative Societies Act, 2002
Section	91
Marginal note	Disposal of surplus assets.
Jurisdiction	Central
Status	In force as published by the source

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