Section 27: Restrictions on transfer of share or interest

The Puducherry Co-Operative Societies Act, 1972Union territory Act of Puducherry · Act 7 of 1973

No transfer by a member of any share held by him or his interest in the capital of a registered society or any part thereof shall be valid unless.-

(a) the member has held such share or interest for not less than one year; and

(b) the transfer is made to a member of the society with the approval of the committee.

Where this provision sits

Act	The Puducherry Co-Operative Societies Act, 1972
Section	27
Marginal note	Restrictions on transfer of share or interest
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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