Bare ActsThe MADHYA PRADESH CO-OPERATIVE SOCIETIES ACT, 1960

Section 30

Insolvency of members

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

Insolvency of members.- Notwithstanding anything contained in the Provincial Insolvency Act, 1920 (V of 1920), in an insolvency proceeding against a member of a society, the dues of the society shall have priority over all other dues except those payable to Government. CHAPTER IV - DUTIES, PRIVILEGES, PROPERTY AND FUNDS OF SOCIETIES

Section 30 – The MADHYA PRADESH CO-OPERATIVE SOCIETIES ACT, 1960 | DailyLaw.ai