State Act

29

Section 29. Restriction on holding of members.

The Bihar Co-operative Societies Act, 1935

Act no. 6 of 19351935In forceJharkhand (State Act)

29. Restriction on holding of members. – No member of a registered society 1[ other than the State Government of another registered society], shall have or claim any interest in the capital of a registered society exceeding one- fifth of the total capital or such smaller proportion as may be prescribed by the rules.