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[Cites 0, Cited by 0] [Section 13] [Entire Act]

State of Himachal Pradesh - Subsection

Section 13(2) in Himachal Pradesh Co-Operative Societies Act, 1968

(2)When a Co-operative society has passed a resolution to change the form or extent of its liability, it shall give notice thereof in writing to all its members and creditors and notwithstanding any bye-law or contract to the contrary, any member or creditor shall, during a period of 3 months from date of service of the notice upon him, have the option of withdrawing his shares, deposits or loans, as the case may be.