section 48
Liability to be limited in respect of certain shares
The Uttarakhand Co-operative Societies Act, 2003Corporate2003194 sections
Statutory text
Where any shares are purchased in a co-operative society by— (a) the State Government; or (b) an apex society from the principal State partnership fund; (c) a central society from the Subsidiary State Partnership Fund, the liability in respect of such shares shall, in the event of the co-operative society being wound up, be limited to the nominal value of the shares.
Study data processing for this section.
PDF: pending for this language.