Co-operative Societies Act, 1912 Section 14 - Bare Act |
| State | Central Government |
| Year | 1912 |
| Section Title | Restrictions on Transfer of Share or Interest |
(1) The transfer or charge of the share or interest of a member in the capital of a registered society shall be subject to such conditions as to maximum holding as may be prescribed by this Act or by the rules.
(2) In case of a society registered with unlimited liability a member shall not transfer any share held by him or his interest in the capital of the society or any part thereof unless,--
(a) he has held such share or interest for not less than one year, and
(b) the transfer or charge is made to the society or to a member of the society.