LawgistThe Multi-State Co-operative Societies Act
35Redemption of shares
(1) Shares held in a multi-State co-operative society by any of the authorities referred to in clauses (c) to (g) of sub-section (1) of section 25 shall be redeemable in accordance with the bye-laws of such multi-State co-operative society and in a case where the byelaws do not contain any provision in this regard, in such manner as may be agreed upon between the multi-State co-operative society and such authority.
(2) The redemption of shares referred to in sub-section (1) shall be on the face value of the shares.
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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
