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State of Mizoram - Section

Section 42 in Mizoram Cooperative Societies Act, 2006

42. Share or interest of members not liable for attachment.

- The share or interest of a member in the capital of co-operative shall not be liable for attachment or sale under any decree or order of a court in respect of any debt or liability incurred by the member and accordingly, no person shall have any claim on such are or interest.Chapter-V Rights and Duties