The Meghalaya Co-operative Societies Act, 2015 (Act No. 11 of 2015)
Section 25. Liability of members on winding up of Co-operative Society with limited Liability.
The members of a registered cooperative society shall in the winding up of the co-operative society be jointly and severally liable to contribute towards any deficiency in the assets of the cooperative society, subject to such limitation of amount as may be provided in the bye-laws.
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