section 67
Restriction on alienation of property by a member of a society under winding up.
Telangana Co-operative Societies Act, 1964Corporate1964179 of 141 sections available
Statutory text
Where a society has been ordered to be wound up under section 64, no member shall alienate his property movable or immovable, from the date of the order of winding up and until after expiration of Ninety days from the date on which the order of winding up takes effect. Any alienation of the property made by a member in contravention of this section is voidable at the option of the liquidator.
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