Associate members

(1) A Co-operative society may admit any person or self-help group or a co-operative society or any other statutory body notified by the Government in this behalf as an associate member in accordance with its bye-laws. Explanation :- For the purposes of this sub-section “self help group” means and includes a group of persons for their economic development. (2) An associate member shall not be entitled to any share in any form whatsoever, in the assets or profits of the co-operative society. (3) Save as provided in this Act, an associate member shall have such privileges and rights of a member and be subject to such liabilities of a member as may be specified in the by laws of the society.