Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in the Provincial Insolvency Act, 1920, or any corresponding law for the time being in force, the dues of a society form a member, in insolvency proceedings against him, shall rank in order of priority next to his dues to Government or to a local authority. Restrictions of holding on shares. Liability of person who has ocased to be member. V of 1920. Insolvency of members. Expulsion of members. 1962: Guj. X] Gujarat Co-operative Societies Act, 1961