Central Act
91
Section 91. Disposal of surplus assets.
The Multi-State Co-operative Societies Act, 2002
In forceAll India (Central Act)
91. Disposal of surplus assets. The surplus assets, as shown in the report of a liquidator of a multiState co-operative society which is wound up,-- (a) may, if the bye-laws of the multi-State co-operative society specify the purpose for which surplus shall be utilised, be utilised by the Central Registrar for the said purpose, and (b) if the bye-laws aforesaid do not specify the purpose, be divided by the Central Registrar with the previous sanction of the Central Government, amongst the members of such multi-State cooperative society in such manner as may be prescribed.