Co-operative Societies Act 1993 s 35

s 35 Liability of past member and estate for debts of co-operative society

(1) The liability of a past member of a co-operative society for the debts of the co-operative society, within the limitation provided in section 34A, as they existed on the date on which he ceased to be a member shall not continue for a period of more than two years reckoned from that date. (2) The estate of a deceased member of a co-operative society shall not be liable for the debts of the co-operative society, within the limitation provided in section 34A, as they existed on the date of his decease for a period of more than two years reckoned from the date of his decease.

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Find Act 502 on lom.agc.gov.my ↗

Text as at 1 April 2015 (LOM reprint); amendments made after that date may not be incorporated.

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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