Amendment status not verified — confirm the current text below against the official source.
The liability of a past member and of the estate of a deceased Liability of st member for the debts of a co-operative society, as they existed at the member date of his ceasing to be a member or of his death, as the case may be, and of shall continue for a period, of two years from the said date: estate of deceased Provided that where the co-operative society is directed to be wound member. up under section 89 within the said period of two years, such liability shall continue until the proceedings for winding up the society are completed by the liquidator.