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State of Mizoram - Section

Section 22 in Mizoram Cooperative Societies Act, 2006

22. Partnership of co-operatives.

(1)Any two or more co-operatives, by resolution passed by two-thirds of members present and voting in a general body meeting, a co-operative may enter into contract of partnerships for carrying out any specific business permissible under the bye-laws on such terms and conditions as may be mutually agreed upon.
(2)Where such contract of partnership requires creation of new organisations, the participating co-operatives shall be its members.Chapter-III Federal