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[Cites 0, Cited by 0] [Section 12] [Entire Act]

State of Rajasthan - Subsection

Section 12(6) in Rajasthan Co-operative Societies Act, 2001

(6)A resolution passed by a co-operative society under this section shall not take effect until, either
(a)the assent thereto of all the members and creditors has been obtained; or
(b)all claims of members and creditors, who exercise the option referred to in sub-section (4) within the period specified therein, have been met in full.