State Act
140
Section 140. Guarantee by State Government of principal and interest on debentures
THE UTTARAKHAND CO-OPERATIVE SOCIETIES ACT, 2003
Act no. 5 of 20032003In forceUttarakhand (State Act)
140. (1) The principal of and interest on the debentures issued under section 138 shall in respect of such maximum, amount as may be fixed by the State Government in this behalf, and subject to such conditions as it may think fit to impose therein, carry the guarantee of the State Government. (2) The State Government may, subject to such conditions as may be prescribed increase the maximum amount of any guarantee given under sub–section (1).