LawgistThe Delhi Co-operative Societies Act
21Nominal or associate members
(1) Notwithstanding anything contained in clause (d) of section 20, a co-operative society may admit any person as a nominal or associate member in accordance with its bye-laws.
(2) A nominal or associate member shall not be entitled to any share in any form whatsoever, in the assets or profits of the co-operative society.
(3) Save as provided in this section, a nominal or associate member shall have such privileges and rights of a member and be subject to such liabilities of a member, as may be specified in the bye-laws of the society.
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MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS AND LIABILITIES
- 20 Persons who may become members
- 21 Nominal or associate members
- 22 Member not to exercise rights till due payment made
- 23 Votes of members
- 24 Manner of exercising vote
- 25 Restriction on transfer of shares or interest
- 26 Transfer of interest on death of members
- 27 Liability of past member and estate of deceased member
