DCOS Act 50Chapter VI · Properties and Funds of Co-Operative Societies
Section 50 · Restrictions on loans
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(1)
A co-operative society shall not make a loan to any person other than a member:Provided that with the general or special sanction of the Registrar a co-operative society may make a loan to another co-operative society.(2)
Notwithstanding anything contained in sub-section (1), a co-operative society may make a loan to a depositor within his deposit on its security.Your private note on this section
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