Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.53, Agriculture and Cooperation (Coop- II) Department, dated 20.05.2016. Restriction on holding of shares. Restrictions on transfer of shares or interest. [Act No.7 of 1964] 51 transfer his share or interest in such bank or society to an individual member, his heir or legal representative.