Bare ActsThe KARNATAKA SOUHARDA SAHAKARI ACT, 1997

Section 14

Partnership of Co-operatives

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

Partnership of Co-operatives.- (1) Any two or more Co-operatives may, by resolutions passed by three-fourth majority of the members present and after voting at a general meeting of each of such Co-operatives, may enter into partnership to carryout any one or more specific business. A written notice of the date of the general meeting shall be given to each member before ten clear days of such meeting; 1 ["Provided that a co-operative Bank, shall not enter into such a partnership without obtaining prior permission of the Reserve Bank in writing."] 1

Section 14 – The KARNATAKA SOUHARDA SAHAKARI ACT, 1997 | DailyLaw.ai