Section 79 in Mizoram Cooperative Societies Act, 2006
79. Investment of funds outside the business.
- The funds as are not needed for use by a co-operative may be invested or deposited outside its business:(a)in any federal of which it is a member;(b)in any district central or state co-operative Bank and in the absence of both the banks in any urban bank;(c)in a local or nationalised bank:(d)in the equities of an) other co-operatives;(e)in any of the securities specified in section 20 of the Indian Trust Act. 1882;(f)in the local postal savings bank.
