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Section 23

Share, subscription, return or interest not liable to attachment or sale

of Co-Operative Societies Act 1993

ActIn forceProvision 28 of 119
Section 23

Subject to section 22, the share, subscription, return or interest of a member in the capital of a co-operative 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, return or interest.