Section 20:
Charge and set-off in respect of shares or interest of member.
A registered society shall have
a charge upon the share or interest in the capital and on the deposits of a member or past member and
upon any dividend, bonus or profits payable to a member or past member in respect of any debt due from
such member or past member to the society, and may set-off any sum credited or payable to a member or
past member in or towards payment of any such debt.