Refund of non-prized subscribers' contribution

Refund of non-prized subscribers' contribution: - Except in the cases referred to in clauses

1. (a) and
2. (b) of Section 31
3. (a) every non-prized subscriber shall, unless otherwise provided for in the chit agreement, be entitled to get back his contribution at the termination of the chit without deduction for dividend, if any, received by him. Provided that any person to whom the rights of a non-prized sub- scriber are transferred under Section 27,28 and 29 shall, in addition to his own contributions, be entitled to get back the contributions made by such non-prized subscriber, subject to the conditions specified in this clause;
4. (b) if the chit terminates on a date earlier than the date originally fixed in the chit agreement, the non-prized subscriber's claim shall be deemed to have arisen on the date on which he has notice thereof.