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THE UTTAR PRADESH CO-OPERATIVE SOCIETIES ACT, 1965

Section 42. Share of interest not liable to attachment

Subject to the provisions of section 41, the share or interest of a member in the capital of a co-operative society shall not be liable to attachment or sale under any decree or order of a court of justice in respect of any debt or liability incurred by such member or past-member and an official assignee or a receiver under any law relating to in solvency shall not be entitled to, or have any claims on, such share or interest.

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

Cases citing this section

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