Bare ActsThe Himachal Pradesh Cooperative Societies Act, 1968

Section 1981

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

THE HIMACHAL PRADESH CO-OPERATIVE SOCIETIES ACT, 1968 33 owing to a co-operative society by any member or past member or deceased member shall be a first charge upon 1[movable property] the crops and agricultural produce, cattle, fodder for cattle, agricultural or industrial implements or machinery, raw materials for manufacture and any finished products manufactured from such raw materials, belonging to such member, past member or forming a part of the estate of the deceased member, as the case may be. (2) No person shall transfer any property which is subject to a charge under sub-section (1) except with the previous permission in writing of the co- operative society which holds the charge. (3) Notwithstanding anything contained in any law for the time being in force, any transfer of property made in contravention of the provisions of sub-section (2) shall be void. (4) The charge created under sub-section (1) shall be available as against any claim of the Government arising from a loan granted under the Land Improvement Loans Act, 1883 (19 of 1883), or the Agriculturists' Loans Act, 1884 (12 of 1884), after the grant of loan by the society. CHAPTER VII PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES

Section 1981 – The Himachal Pradesh Cooperative Societies Act, 1968 | DailyLaw.ai