Section 36 - Shares or Interest Not Liable to Attachment in Karnataka Co Operative Societies Act, 1959
snapp 36 KCOSA 1959
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Section 36 of Karnataka Co Operative Societies Act, 1959
Shares or Interest Not Liable to Attachment.
Subject to the provisions of section 35 the share or interest of a member in the capital of a co-operative society shall not be liable to attachment or sale under any decree or order of a court in respect of any debt or liability incurred by such member or past member, and an official assignee or a receiver under any law relating to insolvency shall not be entitled to, or have any claim on, such share or interest.
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