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State of Sikkim - Section

Section 96A in Sikkim Co-Operative Societies Act, 1978

96A. Allotment of share and voting rights of the members of the State Co-operative Bank.

(1)Subject to the provisions of section 89 allotment of shares to members of the State Co-operative Bank shall be governed by the provisions of its bye-law as approved by the Registrar.
(2)The voting rights of members shall be proportionate to the shares held by each member.