State Act
55
Section 55. Funds not to be divided.
The Himachal Pradesh Cooperative Societies Act, 1968
Act no. 3 of 19691969In forceHimachal Pradesh (State Act)
55. Funds not to be divided.- No part of the funds, other than the dividend, equalisation or bonus equalisation funds as may be prescribed or the net profits of a society, shall be paid by way of bonus or dividend, or otherwise distributed among its members: Provided that a member may be paid remuneration on such scale as may be laid down by the bye-laws, for any services rendered by him to the society.