Section 48: Liability to be limited in respect of certain shares

The Uttar Pradesh Co-Operative Societies Act, 1965State Act of Uttar Pradesh · Act 11 of 1966

Where any shares are purchased in a co-operative society by-

(a) the State Government; or

(b) an apex society from the Principal State Partnership Fund; or

(c) a central society from the Subsidiary State Partnership Fund, the liability in respect of such shares shall, in the event of the co-operative society being wound up, be limited to the nominal value of the shares.

Where this provision sits

Act	The Uttar Pradesh Co-Operative Societies Act, 1965
Section	48
Marginal note	Liability to be limited in respect of certain shares
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

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