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Co-operative Short title s 14

Co-operative Short title s 14

This legislation has been repealed. Do not cite it as law in force.

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 14

Subject to any prior claim of any Government Creation of in the Federation on the property of the debtor and cavour in to the lien or claim of a landiord in respect of rent or registered A YT Lien and set-off in respect of share or interest of members. Share or interest not liable to attachment or sale. No. 33 OF 1948. any money recoverable as rent and in the case of immovable property to any prior registered charge thereon— (a) any debt or outstanding demand payable to a registered society by any member or past member shall be a first charge on all crops or other agricultura, produce, telled timber or other forest produce, marine produce, fish (fresh water and salt water), live stock, fodder, agricultural, industrial and fishing implements, plant, machinery, boats, tackle and nets, raw materials, stock-intrade and generally all produce of labour and things used in connection with production raised, purchased or produced in whole or in part from any loan whether in money or in goods given him by the society : Provided that nothing herein contained shall affect the claim of any bona fide purchaser or transferee without notice; a registered housing society by any member or past member in respect of rent, shares, loans, or purchase money or any other rights or amounts payable to such society shall be a first charge upon his interest in the immovable property of the society.

Read this section in the full act →

Find Act 287 on lom.agc.gov.my ↗

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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