LawgistThe Delhi Co-operative Societies Act
39Share or contribution or interest not liable to attachment
Subject to the provisions of section 38, the share or contribution or interest of a member or past member or deceased member in the capital of a co-operative society shall not be liable to attachment or sale under any decree or order of any court in respect of any debt or liability incurred by such member, and a receiver under the Provincial Insolvency Act, 1920 (5 of 1920) shall not be entitled to or have any claim on such share or contribution or interest.
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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
