section 29
Restriction on holding of members
The Bihar Cooperative Societies Act, 1935Corporate1935136 sections12 chapters
Chapter IV Chapter IV
Statutory text
Restriction on holding of members. – No member of a registered society other than the State Government of another registered society, shall have or claim any interest in the capital of a registered society exceeding one- fifth of the total capital or such smaller proportion as may be prescribed by the rules.
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