State Act
24
Section 24. 4[Nominal and associate member.]
The Maharashtra Co-operative Societies Act, 1960
Act no. XXIV of 19611961In forceMaharashtra (State Act)
24. 4[Nominal and associate member.]— (1) Notwithstanding anything contained in section 22, a society may admit any person as a 5[nominal or associate member]. (2) A nominal member 6[* *] shall not be entitled to any share in any form whatsoever in the profits or assets of the society as such member. A nominal 7[* *] member shall ordinarily not have any of the privileges and rights of a member, but such a member, or an associate member, may, subject to the provisions of sub-section (8) of section 27, have such privileges and rights and be subject to such liabilities, of a member, as may be specified in the by-laws of the society.