Amendment status not verified — confirm the current text below against the official source.
Recovery of sums due to Government. - (1) All sums due from a society or from an officer, member or past member or a deceased member of a society as such to State Government including any costs awarded to Government under any provisions of this Act, may, on a certificate issued by the Registrar in this behalf, be recovered in the same manner as arrears of land revenue. (2) Sums due from a society to the State Government and recoverable under sub-section (1) may be recovered- (a) firstly, from the property of the society; (b) secondly, in the case of a society the liability of the members of which is limited, from the members, past members, or estates of the decreased members subject to the limit of their liability: 71 Provided that the liability of a legal representative of the deceased shall be to the extent of the property of the deceased which has come to the hands of such legal representative; and (c) thirdly, in the case of other societies, from the members or past members, or estates of the deceased members: Provided that the liability of past members or estate of deceased members in all cases shall be subject to the provisions of Sec.29. 81-A. Power of financing bank to proceed against defaulting members of co-operative society.-(1) If a co-operative society is unable to pay its debts to a financing bank from which it has borrowed, by reasons of its members committing default in the payment of money due by them, the financing bank may direct the committee of such society to proceed against such members by taking action under section 64. (2) If the committee of the Co-operative society fails to proceed against its defaulting members within a period of ninety days from the date of receipt of such direction from the financing bank, the financing bank itself may proceed against such defaulting members in which event, the provisions of this Act, the rules and byelaws made there under shall apply as if all references to the society or its committee in the said provisions, rules and byelaws were references to the financing bank. (3) Where a financing bank has obtained a decree or award against a society indebted to it, the bank may proceed to recover such moneys from the assets of the society to the extent of debts due from the society.