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[Cites 0, Cited by 0] [Section 25] [Entire Act]

State of Uttarakhand - Subsection

Section 25(1) in Uttarakhand Self Reliant Co-Operatives Act, 2003

(1)A co-operative shall be registered with limited liability, where; a " co-operative with limited liability" means a co-operative in which the liability of its members for the debts of the co-operative is limited by its articles of association, to such form and extent as they may undertake to contribute to any deficit in the assets of the co-operative, in the event of its being wound up.