Contents of Section

Chapter:

33 PDFTitle:CO-OPERATIVE SOCIETIES ORDINANCEGazette Number:
Section:16Heading:Shares or interest not liable to attachment or saleVersion Date:30/06/1997

Subject to the provisions of section 15, the share or interest of a member in the capital of a registered 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, and neither his assignee in insolvency nor a receiver duly appointed shall be entitled to, or have any claim on, such share or interest.