Section 52 in The Bihar Co-operative Societies Rules, 1959
52. Value of shares.
- The value of a member's share or interest in a society shall be equal to the sum actually paid by the member to acquire such share or interest:Provided that, if the liabilities of the society exceed its assets as shown in the latest audited balance-sheet, the value of a member's share shall not exceed the amount which would be receivable by him in respect of such share where the society to be liquidated on the last date of the preceding co-operative year.Deceased Member's Interest
