Malaysia legislation

Section 16

of CO-OPERATIVE SOCIETIES ACT 1948

Section 16

Subject to the provisions of section 15 of this Ordinance, the share or interest of a member in the capital of a registered society shall not be liable to attachment or sale under any decree or order of a court in respect of any debt or liability incurred by such member, and neither his assignee in insolvency nor a receiver duly appointed shall be entitled to, or have any claim on, such share or interest.

the case of tered charge payable to a mber or past on all crops felled timber mine produce, r), live stock, al and fishing mery, boats, als, stock-ince of labour with produc-produced in n whether in y the society : in contained ny bona fide out notice;

es payable to any member rent, shares, or any other such society is interest in the society.

ien upon the deposits of aber and upon a member or ed member in y from such ay set-off any past member ards payment on 15 of this member in the be liable to order of a incurred by in insolvency entitled to, or st.