MEMBERS OF CO-OPERATIVE SOCIETIES AND THEIR RIGHTS ANDState · Karnataka
Section 18A of THE KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.
member of a co-operative society,-
- (a)in the case of an individual, on his or her,-
- (i)death;
- (ii)resignation; 2[(iii) disqualification and cessation]
- (iv)transfer of whole of his or her share or interest in the co-operative society to another member;
- (b)in the case of a firm, company, co-operative society or corporate body,-
- (i)on dissolution of the firm or a corporate body;
- (ii)on winding up of a company or a co-operative society.] 1. Section 18A inserted by Act 24 of 2001 w.e.f. 5.9.2001. 1[18-B. Cessation of directorship.-A director of a secondary Co- operative Society or a Federal Society or an Apex Society who is a representative of another co-operative society shall cease to be a director of such co-operative society forthwith if,-
- (i)he ceases to be a director of the primary or secondary Co- operative Society which he represents; or
- (ii)the Co-operative Society which nominated him as a representative, withdraws his nomination; or
- (iii)the board of the Co-operative Society of which he is a member has been removed under section 30, or a special officer appointed under section 31; and
- (iv)the Co-operative Society of which he is the representative has been liquidated. ] 1959:KAR.ACT 11] Co-operative Societies 49
↩2.Substituted by Act 3 of 2013 w.e.f. 11.02.2013
↩1.Inserted by Act, 35 of 2014 w.e.f. 06.09.2014