Multi-State Co-Operative Societies Act, 2002

Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies.

17. (1) A multi-State co-operative society may, by a resolution passed by a majority of not less than two-thirds of the members, present and voting at a general meeting of the society held for the purpose,-

(a)	-	transfer its assets and liabilities in whole or in part to any other multi-State co-operative society or co-operative society;
(b)	-	divide itself into two or more multi-State co-operative societies;
(c)	-	divide itself into two or more co-operative societies.

(2) Any two or more multi-State co-operative societies may, by a resolution passed by a majority of not less than two-thirds of the members present and voting at a general meeting of each such society, amalgamate themselves and form a new multi-State co-operative society.

(3) The resolution of a multi-State co-operative society under sub-section (1) or sub-section (2) shall contain all particulars of the transfer or division or amalgamation, as the case may be.

(4) When a multi-State co .... To read the full section download the app from Google Play store