Section 57: Fund not to be divided

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

Except as otherwise specifically provided in this Act, no part of the funds other than the net profits of a co-operative society shall be paid by way of bonus or dividend or otherwise distributed among its members ;

Provided that a member may be paid remuneration on such scale as may be laid down in the bye-laws for any services rendered by him to the co-operative society.

Where this provision sits

Act	The Uttar Pradesh Co-Operative Societies Act, 1965
Section	57
Marginal note	Fund not to be divided
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

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