section 58
Liability of member L -winding upof society
The Nagaland Co-operative Societies Act, 2017Corporate2017128 sections2 chapters
Statutory text
The members of a registered society shalt, in the winding up of the society, jointly and severally liable to contribute towards any deficiency in the assets of the society- a) In the case of a society with unlimited liability, without limit; and b) In the case of a snciety with limited liability, subjectto such limitation of amount as may be provided in the Bye-Laws.
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