Section 21

Shares or interest not liable to attachment. Repealed

The Co-operative Societies Act, 1912

  • Act 2 of 1912
  • Ministry of Agriculture and Farmers Welfare
  • Department of Agriculture, Cooperation and Farmers Welfare
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)3 , shall be entitled to or have any claim on such share or interest.

Notes

3. See now the Provincial Insolvency Act, 1920 (5 of 1920).
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