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[Cites 0, Cited by 0] [Section 111] [Entire Act]

State of West Bengal - Subsection

Section 111(2) in West Bengal Co-operative Societies Rules, 2011

(2)Liability of members.—The members of a Co-operative society shall, upon the dissolution of the Co-operative society, be jointly and severally liable o contribute towards any deficiency in the assets of the Co-operative society:—
(a)if the Co-operative society is a society with unlimited liability, without limit; and
(b)if the Co-operative society is a society with limited liability, subject to such limitation as may be provided in the bye-laws.