Section 21

Shares or interest not liable to attachment.

The Co-operative Societies Act, 1912

  • Act 2 of 1912
  • Ministry of Cooperation
About this Act

An Act to amend the Law relating to Co-operative Societies

All sections
    Subject to the provisions of section 20, the share or interest of a member in the capital of a registered society shall not be liable to attachment or sale under any decree or order of a Court of Justice in respect of any debt or liability incurred by such member, and neither the Official Assignee under the Presidency-towns Insolvency Act, 1909 (3 of 1909) nor a Receiver under the Provincial Insolvency Act, 1907 (3 of 1907)1 , shall be entitled to or have any claim on such share or interest

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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