Protection of cooperative shares: members' capital interests are insulated from attachment or sale for personal debts. Subject to the provisions of section 20, a member's share or interest in the capital of a registered society shall not be liable to attachment or sale ... Summary
Protection of cooperative shares: members' capital interests are insulated from attachment or sale for personal debts.
Subject to the provisions of section 20, a member's share or interest in the capital of a registered society shall not be liable to attachment or sale under any court decree or order for debts or liabilities of that member, and neither the Official Assignee nor a Receiver shall have any claim on such share or interest.
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