State Act
26
Section 26. No rights of membership to be exercised till due payments are made.
The Maharashtra Co-operative Societies Act, 1960
Act no. XXIV of 19611961In forceMaharashtra (State Act)
3[26. No rights of membership to be exercised till due payments are made.— (1) A member shall be entitled to exercise such rights as provided in the Act, rules and by-laws : Provided that, no member shall exercise the rights, until he has made such payment to the society in respect of membership, or acquired such interest in the society, as may be prescribed and specified under the by-laws of the society, from time to time : Provided further that, in case of increase in minimum contribution of member in share capital to exercise rights of membership, the society shall give a due notice of demand to the member and give reasonable period to comply with it.]