Bare ActsThe Meghalaya Societies Registration Act No.12 of 1983

Section 27

Members not to receive any share upon dissolution.

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

If after the disposal and settlement of the property of a society and its claims and liabilities, there are any surplus assets, such assets shall not be paid to or distributed amongst the members of the society or any of them but shall be given to some other society to be determined- (a) in the case of a dissolution under Section 24, by the votes of three-fourths of the members, or in default thereof, by the Registrar with the approval of the State Government; and (b) In the case of a dissolution under Section 25,by the Court.

Section 27 – The Meghalaya Societies Registration Act No.12 of 1983 | DailyLaw.ai