Section 44 in The Manipur Co-operative Societies Act, 1976
44. Restrictions on loan.
(1)A co-operative society shall not make a loan to any person other than a member ; provided that with a general or special sanction of the Registrar, a co-operative society may make a loan to another co-operative society.(2)Notwithstanding anything contained in sub-section (1), a co-operative society may make a loan to a depositor within his deposits on its security.
