52. Principal State Partnership Fund.- (1) An Apex society which is provided with moneys as aforesaid shall with such moneys, establish a Fund to be called the "Principal State Partnership Fund."

(2) An Apex society shall utilise the Principal State Partnership Fund for the purpose of --

(a) directly purchasing shares in other societies with limited liability;

(b) providing moneys to a society (hereinafter in this Chapter referred to as a "Central Society".) to purchase shares in other societies with limited liability (the latter societies being hereinafter in this Chapter referred to as "Primary societies");

(c) making payments to the State Government in accordance with the provisions of this Chapter;

and for no other purpose.

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