State Act

56A

Section 56A. Disposal of non-banking assets.

Kerala Co-operative Societies Act 1969

Act no. 21 of 19691969In forceKerala (State Act)

46[56A. Disposal of non-banking assets.-The immovable property acquired by a society through a sale by the sale officer or through any legal proceedings for realization of loan amount shall be disposed of by the society within seven years from the date of acquisition] with prior sanction of the General body and the Registrar.]