Bare ActsThe KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.

Section 60

Restrictions on loans

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

Restrictions on loans.- (1) A co-operative society shall not make a loan to any person other than a member: Provided that 1[XXX]1 a co-operative society may make loans to another co-operative society.

Section 60 – The KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959. | DailyLaw.ai