Clause 40
Members not to exercise rights until due payment made
of Co-operative Societies Bill
BillNot in forceProvision 56 of 105
Clause 40
No member of a society shall exercise any of the rights of a member unless he has made such payment to the society in respect of membership, or has acquired such shares or interest in the society, as may be prescribed under this Act or by the by-laws of the society.