Section 28: Restrictions on withdrawal of share

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

Except in the case of death or expulsion or cessation of membership for residing outside the area of operations of the society, the share of a member shall not be refunded, unless-

(a) the member has held the share for not less than five years; and

(b) such refund is in accordance with the by-laws of the society.

Where this provision sits

Act	The Puducherry Co-Operative Societies Act, 1972
Section	28
Marginal note	Restrictions on withdrawal of share
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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