Private transfer of property made after issue of certificate void against co-operative.
Section 149
SEC. 149. Private transfer of property made after issue of certificate void against co-operative.—Any private transfer or delivery of, or encumbrance or charge in, property made or created after the issue of the certificate of the Administrator or liquidator, as the case may be, under section one hundred forty-four shall be null and void as against the co-operative on whose application the said certificate was issued.