Bare ActsKerala Cooperative Societies Act, 1969

Section 51

Disposal of Principal State Partnership Fund and Subsidiary State Partnership Fund on winding up of apex or central society.--

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

(1) If any apex society which has established a Principal State Partnership Fund is wound up or is dissolved, all moneys to the credit of, or payable to, that fund shall be paid to the Government. (2) If a central society which has established a Subsidiary State Partnership Fund is wound up or is dissolved, all moneys to the credit of, or payable to, that Fund shall be credited or paid, as the case may be, to the Principal State Partnership Fund from which it received moneys under clause (b) of sub-section (2) of S.44.

Section 51 – Kerala Cooperative Societies Act, 1969 | DailyLaw.ai