LawgistThe Delhi Co-operative Societies Act
38Charge and set-off in respect of share or contribution or interest of members
A co-operative society shall have a charge upon the share or contribution or interest in the capital and on the deposits of a member or past member, or deceased member and upon any dividend, bonus or profits payable to a member or past member or the estate of a deceased member in respect of any debt due from such member or past member or the estate of such deceased member to the society, and may set-off any sum credited or payable to a member or past member or the estate of deceased member in or towards payment of any such debt.
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PRIVILEGES OF CO-OPERATIVE SOCIETIES
- 35 Co-operative societies to be bodies corporate
- 36 First charge of co-operative society on certain assets
- 37 Charge on immovable property of members borrowing loans from certain societies
- 38 Charge and set-off in respect of share or contribution or interest of members
- 39 Share or contribution or interest not liable to attachment
- 40 Register of members
- 41 Admissibility of copy of entry as evidence
- 42 Exemption from compulsory registration of instruments
- 43 Exemption from certain taxes, fees and duties
- 44 Deduction from salary to meet co-operative society's claim in certain cases
- 45 Other forms of State aid to co-operative societies
