The Multi-State Co-operative Societies Act

Persons who may become members

Nominal or associate member of society

Educational course for members

Members not to exercise rights till due payment made

Disqualification for member of a multi-State co-operative society

Expulsion of members

Vote of members

Manner of exercising vote

Restriction on holding of shares

Restriction on transfer of shares or interest

Redemption of shares

Transfer of interest on death of members

Liabilities of past member and estate of deceased member


MEMBERS OF MULTI-STATE CO-OPERATIVE SOCIETIES AND THEIR DUTIES, RIGHTS AND LIABILITIES


No member, other than the authorities referred to in clauses
(c) to (g) of sub-section (1) of section 25 or a multi-State co-operative society or a co-operative society,
shall hold more than such portion of the total share capital of the society (in no case exceeding one-fifth
thereof) as may be prescribed in the rules or bye-laws of such multi-State co-operative society.

LAWGIST

# 33 Restriction on holding of shares