Amendment status not verified — confirm the current text below against the official source.
Added by G.O.Ms.No.53, Agriculture and Cooperation (Coop-II) Department, dated 20.05.2016. 114 [Act No.7 of 1964] 231[67. Where a society has been ordered to be wound up under section 64, no member shall alienate his property movable or immovable, from the date of the order of winding up and until after expiration of Ninety days from the date on which the order of winding up takes effect. Any alienation of the property made by a member in contravention of this section is voidable at the option of the liquidator.]