Amendment status not verified — confirm the current text below against the official source.
The members of a society shall, upon the winding up of the society, be jointly and severally liable to contribute towards any deficiency in the assets of the society (a) in the case of a society with unlimited liability, without limit; and (b) in the case of a society with limited liability, subject to such limitation of amount as may be provided in the bye-laws. CHAPTER IV INCORPORATION, DUTIES AND PRIVILEGES OF SOCIETIES