State Act
69B
Section 69B. Disposal of surplus assets.
The Telangana Co-operative Societies Act, 1964.
Act no. 7 of 19641964In forceTelangana (State Act)
234[69B. Surplus assets as shown in the final report of the liquidator of a society which has been wound up shall be utilized for such purposes as may be specified in the bye-laws. Where the society has no such bye-laws, the surplus assets shall vest in the Registrar who shall hold it in trust and shall transfer it to the reserve funds of a society registered with a similar object and serving more or less an area which the society to which the surplus belonged was serving.]