Section - 91 - Multi-State Co-Operative Societies Act, 2002

Section - 91 - Disposal of surplus assets

Disposal of surplus assets

91. The surplus assets, as shown in the report of a liquidator of a multi-State co-operative society which is wound up,-

(a)	-	may, if the bye-laws of the multi-State co-operative society specify the purpose for which surplus shall be utilised, be utilised by the Central Registrar for the said purpose, and
(b)	-	if the bye-laws aforesaid do not specify the purpose, be divided by the Central Registrar with the previous sanction of the Central Government, amongst the members of such multi-State co-operative society in such manner as may be prescribed.

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