THE UTTAR PRADESH CO-OPERATIVE SOCIETIES ACT, 1965
Section 60. Restriction of borrow in
A co-operative society shall receive deposits and loans only to such extent and under such conditions as may be prescribed or as may be specified in the bye-laws.
4[Provided that a Primary Agriculture Credit Co-operative Society shall receive deposits only from its ordinary members admitted under section-17 of this Act and no other person shall be allowed to make deposit in a Primary Agriculture Credit Co-operative Society.]
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