Section 2(b) in The State Co-Operative Societies (Re-Constitution and Formation) Act, 1954
(b)'the then existing societies' means the Madras State Co-operative Bank, Limited, the Madras Co-operative Central Land Mortgage Bank, Limited, and the Madras State Handloom Weavers' Co-operative Society, Limited, as they, existed on the date of the promulgation of the Ordinance;
