State Act
28
Section 28. Cessation of membership.
The Punjab Self-Supporting Co-operative Societies Act, 2006
Act no. 17 of 20102010In forcePunjab (State Act)
28. (1) If a member dies or resigns or his membership is terminated due to any of the disqualifications, specified under this Act, rules or bye-laws framed thereunder, he shall cease to be member of the self-supporting co-operative society. (2) In the event of death of a member, the self-supporting co-operative society shall inform his nominee for the settlement of accounts within a period of reasonable time. (3) In the event of cessation of a membership in any case, other than death of a member, the self-supporting co-operative society shall inform the member for the settlement of accounts.