section 72
Restrictions on grant of loan
The Nagaland Co-operative Societies Act, 2017Corporate2017128 sections2 chapters
Statutory text
(1) A Co-operative, other than a Co-operative Bank, shall not grant loans to members on the security of their share or on the security of a non-member. (2) A Co-operative may, however, grant loans to depositors on the security of their deposits.
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