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State of Mizoram - Section

Section 78 in Mizoram Cooperative Societies Act, 2006

78. Reserve and other funds.

(1)A co-operative may create statutory and non statutory reserve and other funds for the promotion of objects of the co-operative.
(2)Reserves and other funds shall be used for the purpose for which they were created whenever found necessary but otherwise may be used in the business of the co-operative.