LawgistThe Multi-State Co-operative Societies Act
26Nominal or associate member of society
A multi-State co-operative society may, if provided in its bye-laws, admit a person as nominal or associate member:
Provided that no such nominal or associate member shall be entitled to subscribe the shares of such society or have any interest in the management thereof including right to vote, elect as a director of the board or participate in the general body meetings.
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MEMBERS OF MULTI-STATE CO-OPERATIVE SOCIETIES AND THEIR DUTIES, RIGHTS AND LIABILITIES
- 25 Persons who may become members
- 26 Nominal or associate member of society
- 27 Educational course for members
- 28 Members not to exercise rights till due payment made
- 29 Disqualification for member of a multi-State co-operative society
- 30 Expulsion of members
- 31 Vote of members
- 32 Manner of exercising vote
- 33 Restriction on holding of shares
- 34 Restriction on transfer of shares or interest
- 35 Redemption of shares
- 36 Transfer of interest on death of members
- 37 Liabilities of past member and estate of deceased member
