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[Cites 0, Cited by 0] [Section 74] [Entire Act]

State of West Bengal - Subsection

Section 74(1) in West Bengal Co-operative Societies Act, 2006

(1)All sums, calculated in accordance with the provisions or rules, to be due from a Co-operative society to a member, other than payments to be made in respect of share or interest of such member to the Co-operative society, shall, subject to the provision of section 58, be paid within one year-
(a)in the case of a deceased member, to the person to whom the share and interest are transferred or their value is paid in accordance with the provision of section 70;
(b)in the case of a member who has been expelled by, or has resigned from a Co-operative society, to him; and
(c)in the case of a member who has become insane, to the person appointed to manage his properties under the Mental Health Act, 1987 (35 of 1987).