Section 70A(5)(c) in The Punjab Co-operative Societies Act, 1961

[Cites 0, Cited by 0] [Section 70A(5)] [Section 70A] [Entire Act]

(c)the expression "transferee bank" in relation to an insured co- operative bank means a co-operative bank -

(i)with which such insured co-operative bank is amalgamated, or

(ii)to which the assets and liabilities of such insured co-operative bank is transferred; or

(iii)into which such insured co-operative bank is divided under sub-section (1) of section 13.

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