Section 39
Share or contribution or interest not liable to attachment.
The Delhi Co-operative Societies Act, 1972
About this Act
An Act to consolidate and amend the law relating to co-operative societies in the Union territory of Delhi.
Subject to the provisions of
section 38, the share or contribution or interest of a member or past member or deceased member in the
capital of a co-operative society shall not be liable to attachment or sale under any decree or order of any
court in respect of any debt or liability incurred by such member, and a receiver under the Provincial
Insolvency Act, 1920 (5 of 1920) shall not be entitled to or have any claim on such share or contribution
or interest.