Bare ActsThe Assam Co-operative Societies Act, 1949

Section 21

Liability of past member and his estate

Amendment status not verified — confirm the current text below against the official source.

Liability of past member and his estate.—(1) The liability of a past ' member and of the estate of a deceased member for the debts of a registered society as they existed at the date of his ceasing to be a member or of his death, as the case may be, shall continue for a period of four- years from the said date. (2) No past member of a registered society with unlimited liability shall be eligible for membership of another such society with unlimited liability except with the special permission of the Registrar.

Section 21 – The Assam Co-operative Societies Act, 1949 | DailyLaw.ai