State Act
44
Section 44. Direct partnership of State Govt. in societies
THE UTTARAKHAND CO-OPERATIVE SOCIETIES ACT, 2003
Act no. 5 of 20032003In forceUttarakhand (State Act)
44. (1) The State Govt. may subscribe directly to the share capital of a society with limited liability, upon such terms & conditions as may be agreed upon; (2) Indirect partnership of State Govt. in societies— (a) the State Govt. may provide money to an Apex Society for the purchase directly or indirectly, or shares in other societies with limited liability; (b) the State Government shall be entitled to dividend on its shares in any such co-operative society at the same rate as paid to other shareholders of the society.