Section 47: Investment— The association may invest or deposit its funds in one or more of the following

Model bye-LawsState Rules of Uttar Pradesh · 2010

(a) in the Central Co-operative Bank or in State Co-operative Bank; or

(b) in any of the securities specified in section 20 of the Indian Trust Act, 1882;

or (c) in any Co-operative Bank other than referred to in clause (a) or in any Banking Company approved for this purpose by the Association.

Where this provision sits

Act	Model bye-Laws
Section	47
Marginal note	Investment— The association may invest or deposit its funds in one or more of the following
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

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