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Bare acts > Maharashtra Co-operative Societies Act, 1960 > Section 33
 
  


 

33. Liability of past member and estate of deceased member.- (1) Subject to the provisions of sub-section (2), the liability of a past member, or of the estate of a deceased member, of a society for the debts of the society as they stood,-


(a) in the case of a past member, on the date on which he ceased to be a member and


(b) in the case of a deceased member, on the date of his death, shall continue for a period of two years from such date.

(2) Where a society is ordered to be wound up under any provision" of this Act the liability of a past member or of the estate of a deceased member, who ceased to be a member or died, within two years immediately preceding the date of the order of winding up, shall continue until the entire liquidation proceedings are completed; but such liability shall extend only to the debts of the society as they stood on the date of his ceasing to be a member or death, as the case may be.

 

 

 

 

 

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