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State of Jammu-Kashmir - Section

Section 18 in Jammu and Kashmir Co-Operative Societies Act, 1989

18. Nominal or associate members.

(1)A Co-operative Society may admit any person as nominal or associate member in accordance with its bye-laws.
(2)A nominal member shall not be entitled to any share, in any form whatsoever, in the assets or profit of the Society.
(3)Save as provided in this section a nominal or associate member shall have such privileges and rights of a member and be subject to such liabilities of a member may be specified in the bye-laws of the Society.