State Act
52A
Section 52A. Transfer of surplus funds, deposits and assets.
THE KARNATAKA SOUHARDA SAHAKARI ACT, 1997
Act no. 17 of 20001997In forceKarnataka (State Act)
1[52A Transfer of surplus funds, deposits and assets.- After completion of the liquidation process, if any surplus funds, deposits, movable or immovable assets remains, such funds or assets shall be transferred to the souharda co-operatives development fund with the approval of the Registrar. The establishment, custody, management and utilisation of such fund shall be such as may be prescribed.]1