State Act
42
Section 42. Share or interest not liable to attachment
THE UTTARAKHAND CO-OPERATIVE SOCIETIES ACT, 2003
Act no. 5 of 20032003In forceUttarakhand (State Act)
42. Subject to the provisions of section 31, the share or interest of a member in the capital of a co-operative society shall not be liable to attachment or sale under any decree or order of a court of justice in respect of any debt or liability incurred by such member or past member and an official assignee or a receiver under any law relating to insolvency shall not be entitled to, or have any claims on, such share or interest. Insolvency effect- A person does not cease to be a member of the society by his adjudication as an insolvent.