Act Number: 2

Act Name: The Co-operative Societies Act, 1912

Year: 1912

Enactment Date: 1912-03-01

Long Title: An Act to amend the Law relating to Co-operative Societies

Ministry: Ministry of Cooperation

Department:

Section 21: Shares or interest not liable to attachment.
    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
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