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← Co-operative Societies Act 1979

Co-operative Societies Act 1979 s 24

s 24 Charge and set-off in respect of shares or interest of members

24. A society has a charge upon the share or interest in the capital and on the deposits of a member or past member or deceased member and upon a dividend or patronage refund payable to a member or past member or to the estate of a deceased member in respect of a debt due to the society from the member or past member or estate, and may set‑off a sum credited or payable to a member or past member or estate of a deceased member for the payment of any such debt.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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