Section 26
Withdrawal of foreman.
About this Act
An Act to provide for the regulation of chit funds and for matters connected therewith.
(1) No foreman, or where there are more than one foreman in a chit,
none of them shall withdraw from the chit until its termination unless such withdrawal is assented to in
writing by all the non-prized and unpaid prized subscribers and a copy of such assent has been filed with
the Registrar under section 41.
(2) The withdrawal from a chit of any one of the foreman shall not affect the security given by him under section 20 or section 31.
(2) The withdrawal from a chit of any one of the foreman shall not affect the security given by him under section 20 or section 31.