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State of Karnataka - Section

Section 7 in The Karnataka Souharda Sahakari Act, 1997

7. Co-operative to be a body corporate.

- A Co-operative registered under this Act shall be a body corporate by the name under which it is registered having perpetual succession and common seal. The Co-operative shall be entitled to acquire, hold and dispose of property, to enter into contracts, to sue and be sued and to do all other things necessary for the purpose for which it is constituted.