Bare ActsThe Nagaland Co-operative Societies Act, 2017

Section 124

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

Limitation: 1) Notwithstanding any of the provisions of the Indian Limitation Act, 1908 the period of limitation for the institution of a claim to recover any sum, including the interest thereon, due to a registered society by a member thereof shall be computed from the date on which such member dies or ceases to be a member of a society. 636 2) The Indian Limitation Act, 1908 shall not apply to any debts or liability due by any member, past member or deceased member to any society in respect of which an order of dissolution has been passed under this Act.

Section 124 – The Nagaland Co-operative Societies Act, 2017 | DailyLaw.ai