Amendment status not verified — confirm the current text below against the official source.
The share or interest of a member in the capital of a society, or the loan stock issued by a housing society, or in the funds raised by a society from its member by way of savings deposit, shall not be liable to attachment or sale under any decree or order of a Court for or in respect of any debt or liability incurred by the member. 32.(1) Every member of a society shall be entitled to inspect, free of cost, at the society's office during office hours, or any time fixed for the purpose by the society, a copy of the Act, the rules, and the byelaws, the last audited annual balance sheet, the profit and loss account, a list of the members of the committee, a register of members the minutes of general meetings minutes of committee meetings and those portions of the books and records in which his transaction with the society have been recorded. (2) A society shall furnish to a member, on request in writing and on payment of such fees as may be prescribed thereof, a copy of any of the documents mentioned in the foregoing sub-section within one month from the date of payment of such fees. 33.(1) Subject to the provisions of sub-section (2) the liability of a past member or the estate of a deceased member of a society for the debts of society as they stood - a) in the case of a past member, on the late on which he ceased to be a member, and b) in the case of a deceased member, on the date of his death, shall continue for a period of two years from such date. (2) Where a society, is ordered to be wound up under any provision of this Act, the liability of a past member or of the estate of a deceased member, who ceased to be a member or died within two years immediately preceding the date of the order of winding up shall continue until the entire liquidation proceedings are completed but such they stood on the date of his ceasing to be a member of death, as the case may be : Provided that provisions of sub-section (1) and (2) shall not apply in the case of a minor who succeeds the deceased. 34.Notwithstanding anything contained in any law for the time being in force, the dues of society from a member, in insolvency proceedings against him, shall rank in order or priority next to the dues payable by him to Government or to a local authority. 35.(1) A society may, by resolution passed by three-fourths majority of the members entitled to vote who are present at general meeting held for the purpose, expel a member for acts which are detrimental to the interest or proper working of the society : Provided that, no resolution shall be valid, unless the member concerned is given an opportunity or representing his case to the general body and no resolution shall be effective unless it is approved by the Registrar. (2) No member of a society who has been expelled under the foregoing sub-section shall be eligible for re-admission as a member of the society, or for admission as a member of any other society, for a period of one year from the date of such expulsion ; Provided that Registrar may, on an application by the society and in special circumstances, sanction the re-admission or admission, within the said period, of any such member as a member of the said society or of any other society, as the case may be. 36.(1) Every member of a society shall exercise his vote in person and no member shall be permitted to vote by proxy. (2) Notwithstanding anything contained in sub-section (I) ; a society which is a member of another society may, subject to the Rules, appoint one of the members to vote on its behalf in the affairs of that other society. Share interest not liable to attachment. Rights of member to see books etc. Liability of past member and estate of deceased member. Insolvency of members. Expulsion of members. Manner of exercising vote. CHAPTER- IV Incorporation, Duties and Privilege of Societies 37 .The registration of the society shall render it a body corporate by the name under which it is registered, with perpetual succession and a common seal and with power to acquire, hold and dispose of property, to enter into contracts, to institute and defend suits and other legal proceedings, and to do all such things as are necessary for the purpose for which it is constituted. 38.Every society shall have an address, registered in accordance with the rules to which all notices and communications may be sent and the society shall send notice in writing to the Registrar of any change in the said address within thirty days thereof. 39.(1) Every society shall keep a register of its members and enter therein the following particulars, that is to say : a. the name, address and occupation of each member; b. in the case of a society having share capital, the share held by each member; c. the date on which each person was admitted as a member ; d. the date on which any person ceased to be a member; and e. such other particulars as may be prescribed : Provided that where a society has, by or under this Act, permitted a member to transfer his share or interest on death to any person, the register shall also show against the member concerned the name of the person entitled to the share or interest of the member and the date on which the nomination was recorded. (2) The register shall be prima facie evidence of the date on which any person was admitted to membership, and of the date on which he ceased to be a member.