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[Cites 0, Cited by 0] [Section 31] [Entire Act]

State of Uttarakhand - Subsection

Section 31(2) in Uttarakhand Self Reliant Co-Operatives Act, 2003

(2)Every Director of a co-operative while performing functions, discharging responsibilities, and exercising powers shall:--
(a)act honestly and in good faith and in the best interests of the co-operative; and
(b)exercise such due care, diligence and skill as a reasonably prudent person would exercise in similar circumstances.