Malaysia legislation

Section 68

of CO-OPERATIVE SOCIETIES ACT 1993

Section 68

(2)

No inspection shall be made or directed under subsection (1) on the application of a creditor of a registered society unless the creditor—

(a)

satisfies the Registrar-General that the debt is a sum then due and that he has demanded payment thereof and has not received satisfaction within reasonable time; and

(b)

deposits with the Registrar-General such sum as the Registrar-General may require as security for the costs of such inspection.

(3)

The Registrar-General shall communicate the result of an inspection under subsection (1) to the creditor and the registered society.

Section 68 — AKTA KOPERASI 1993 | mylaw.my