HCOS Rules 97Chapter XV · Winding up of Co-operative Societies
Section 97 · Liability due to claimants whose whereabouts not known
Text size — level 1 of 4
- Section 131(2)(xxxii). - If any liability cannot be discharged by the liquidator owing to the whereabouts of the claimant not being known or for any other cause the amount covered by such undischarged liability may be deposited in the Central Co-operative Bank, having jurisdiction over the area in which the Co-operative Society was functioning and shall remain at the disposal of the claimants for a period of three years after which the undrawn amount, if any, may be transferred to the State Co-operative Union for credit to the Co- operative Education Fund.
Your private note on this section
Only you can see this note.