Section 116

The Uttar Pradesh Co-operative Societies Rules,1968State Rules of Uttar Pradesh · 1966

(a) No officer of a co-operative society shall, except as permitted by the bye- laws of the society, have any interest, directly or indirectlya. in any contract made with thesociety, b. in any property sold or purchased by thesociety, c. in any transaction of a co-operative society other than the provision of residential accommodation by the society to any paid employee of the society, if the officer himself is a paidemployee,

(b) No paid officer of a co-operative society shall purchase or allow any of his dependents to purchase any property of a member of a co-operative society sold for the recovery of dues of the co-operative society.

Where this provision sits

Act	The Uttar Pradesh Co-operative Societies Rules,1968
Section	116
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

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