Section 26 of THE KARNATAKA SOUHARDA SAHAKARI ACT, 1997
immediately before the expiry of the term of the outgoing board so as to ensure that the newly elected members of the board assume office immediately on the expiry of the term of office of the members of the outgoing board.
4[(1A) Every candidate contesting for the Election of the Board shall, at the time of filing his nomination, file a declaration of his/her and his/her family‟s assets and liabilities in the manner as may be prescribed. (1B) Every elected director of the Board shall submit a declaration of assets and liabilities of his/her and his/her family for each financial year of his tenure in the manner as may be prescribed.
Explanation- For the purpose of this sub-section “Family” means Candidate
and his/her Spouse, Unmarried Daughter and Undivided Son.]
5[(2) Subject to provisions of this Act, the procedure and guidelines for conducting elections to Souharda Co-operative Societies by the Co-operative Election Authority as may be prescribed.]
- (3)The newly elected directors of the board shall assume office immediately on the expiry of the term of the outgoing board. 2[4. XXX] ] 1[26A. 2[Co-operative election authority] .-The 2[cooperative election authority] constituted under section 39AA of the Karnataka Cooperative Societies Act, 1959 shall also be the election commission for the purpose of conducting elections under this Act and shall be empowered to exercise the same powers and discharge same functions conferred under said Act in respect of cooperatives and federal cooperative under this Act.]
↩1.Substituted by Act 4 of 2013 w.e.f. 11.02.2013.
↩2.Omitted by Act 34 of 2014 w.e.f. 06.09.2014.
↩3.Substituted by Act 35 of 2021 w.e.f. 07.10.2021.
↩4.Inserted by Act 74 of 2025 w.e.f. 12.09.2025
↩5.Substituted by Act 74 of 2025 w.e.f. 12.09.2025
↩1.Inserted by Act 4 of 2013 w.e.f. 11.02.2013.
↩2.Substituted by Act 35 of 2021 w.e.f. 07.10.2021.