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State of Tripura - Section

Section 34 in The Tripura Co-operative Societies Act, 1974

34. Insolvency of members.

- Notwithstanding anything contained in the Provincial Insolvency Act, 1920 (V of 1920), of any corresponding law for the time being in force, the dues of society from a member, in insolvency proceedings against him, shall rank in order or priority next to the dues payable by him to the Government or to a local authority.