State Act
52
Section 52. Disposal of assets of a Co-operative under liquidation.
THE KARNATAKA SOUHARDA SAHAKARI ACT, 1997
Act no. 17 of 20001997In forceKarnataka (State Act)
52. Disposal of assets of a Co-operative under liquidation.- After preparation of a statement of assets and liabilities by the liquidator under clause (b) of subsection (3) of section 49 with a view to realise optimum value for the assets of the Co-operative under liquidation, the liquidator may also invite the Federal Co-operative or other Co-operatives or Co-operative societies to purchase the assets of such Co-operative.