Shares, interest, etc., not liable to attachment

Subject to the provisions of section 41, the share or interest of a member in the capital of a registered society or the amount to the credit of an employee of the society in the provident fund established under section 72, including contributions, if any, made to the fund by the society or any sum invested by the society from out of the provident fund accumulations on the amount to the credit of a member in the thrift deposit held by the society shall not be liable to attachment or sale under any decree or order of a court in respect of any debt or liability incurred by such member or employee of the society, as the case may be, and the official Assignee under the Presidency Towns Insolvency Act, 1909 (Central Act 3 of1909) nor a Receiver under the Provincial Insolvency Act, 1920 (Central Act 3 of 1920) shall be entitled to or have any claim on such share, interest, amount or sum.