Malaysia legislation

Section 23

of CO-OPERATIVE SOCIETIES ACT 1993

Section 23

Subject to section 22, the share or subscription 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 subscription or interest.

Section 23 — AKTA KOPERASI 1993 | mylaw.my