section 51
Loan to be utilised for the purpose for which advanced
The Nagaland Co-operative Societies Act, 2017Corporate2017128 sections2 chapters
Statutory text
The loan advanced by a Registered Society to a member thereof shall be utilised by him/her for the purpose for which it was advanced and for no other purpose. The Society shall have power to recover the advance as prescribed if the member does not so utilise it.
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