Section 34
Liability as guarantor of co-operative societies.
The Andhra Pradesh and Madras (Alteration of Boundaries) Act, 1959
About this Act
An Act to provide for the alteration of boundaries of the States of Andhra Pradesh and Madras and for matters connected therewith.
Where, immediately before the appointed
day, the State of Andhra Pradesh or Madras is liable as guarantor in respect of any liability of a registered
co-operative society, that liability shall,—
(a) if the area of the society's operations is limited to the transferred territories, be a liability of the State to which the territories are transferred; and
(b) in any other case, continue to be a liability of the State which, immediately before that day, was subject to such liability.
(a) if the area of the society's operations is limited to the transferred territories, be a liability of the State to which the territories are transferred; and
(b) in any other case, continue to be a liability of the State which, immediately before that day, was subject to such liability.