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Section 57

The West Bengal Co-operative Societies Act, 1983State Act of West Bengal · Act 45 of 1983

(1) A co-operative society shall have a charge upon the shares or interests in the capital and deposits of a member (including a past or deceased member) and upon the amount payable out of profits to a member or past member or to the estate of a deceased member on account of any debt due to it by such member or past member or deceased member, as the case may be.

(2) Subject to the provisions of sections 80 to 84 and the rules and the by-laws, a co-operative society may set off any amount credited or payable to a member or past member or the estate of a deceased member in or towards payment of any debt referred to in sub-section (1).

Where this provision sits

ActThe West Bengal Co-operative Societies Act, 1983
Section57
JurisdictionState of West Bengal
StatusIn force as published by the source

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