Direct partnership of State Government in co-operative societies

Direct partnership of State Government in co-operative societies. (1) The State Government may subscribe directly to the share capital of a co-operative society with limited liability. (2) Notwithstanding any agreement to the contrary, the State Government shall not be entitled to a dividend on the shares of any such co-operative society at a rate higher than that at which such dividend is payable to any other shareholder of the society.