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Chapter: | 33
![]() | Title: | CO-OPERATIVE SOCIETIES ORDINANCE | Gazette Number: | |
| Section: | 16 | Heading: | Shares or interest not liable to attachment or sale | Version 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.