section 26
On dissolution, no member to receive profit
The Manipur Societies Registration Act, 1989Civil198932 sections
Statutory text
If, upon the dissolution of any registered soceity, there shall remain after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the members of the said society, or any of them, but shall be given to some other society to be determined by a Special resolution or in default thereof by the court.
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