(i) all loans including those from Central and Apex Bank ;
(ii) deposits from non-members ; and
(iii) deposits from members.
N.B.
(b) Payment of interest included in the claims of the above categories shall be deferred until full payment of principal has been made to all creditors.
Section 99 • The Assam Co-operative Societies Rules, 1953
99. Distribution of assets and priority of claims.
the-assam-co-operative-societies-rules-1953-1953-sec-99.json
•
Section 99
{
"act_title": "The Assam Co-operative Societies Rules, 1953",
"act_slug": "the-assam-co-operative-societies-rules-1953-1953",
"section_label": "Section",
"section": {
"number": "99",
"title": "99. Distribution of assets and priority of claims.",
"chapter": null,
"content": "(i) all loans including those from Central and Apex Bank ;\n(ii) deposits from non-members ; and\n(iii) deposits from members.\nN.B.\n(b) Payment of interest included in the claims of the above categories shall be deferred until full payment of principal has been made to all creditors.",
"footnote": "",
"is_definition": false,
"sort_order": 98
},
"prev_section": "98",
"next_section": "100"
}