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[Cites 0, Cited by 0] [Section 55] [Entire Act]

State of Maharashtra - Subsection

Section 55(b) in The Maharashtra Co-Operative Societies Act, 1960

(b)an Apex society from the Principal State Partnership Fund, or a Central society from the Subsidiary State Partnership Fund, as the case may be; the liability in respect of such shares shall, in the event of the society of which the shares are purchased [being wound up] [These words were substituted for the words 'is wound up', by Maharashtra 33 of 1963, Section 11.], be limited to the amount paid in respect of such shares.