Bare ActsThe MADHYA PRADESH CO-OPERATIVE SOCIETIES ACT, 1960

Section 20

Nominal members

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

Nominal members.- Notwithstanding anything contained in section 19, a society may admit any person as a nominal member who shall no share either in the management or profits of a society and shall not be subject to any contributory liability in the case of winding up of the society.

Section 20 – The MADHYA PRADESH CO-OPERATIVE SOCIETIES ACT, 1960 | DailyLaw.ai