Section 38

Charge and set-off in respect of share or contribution or interest of members.

The Delhi Co-operative Societies Act, 1972

  • Act 35 of 1972
  • Ministry of Agriculture and Farmers Welfare
  • Department of Agriculture, Cooperation and Farmers Welfare
About this Act

An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.

All sections
    A co-operative society shall have a charge upon the share or contribution or interest in the capital and on the deposits of a member or past member, or deceased member and upon any dividend, bonus or profits payable to a member or past member or the estate of a deceased member in respect of any debt due from such member or past member or the estate of such deceased member to the society, and may set-off any sum credited or payable to a member or past member or the estate of deceased member in or towards payment of any such debt.
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