Liability of Past Member and Estate of a Deceased Member

PROVISION NO. 25.0

The liability of a past member or the estate of a deceased member shall continue for 2 years from the date he stopped being a member or died, whichever is the case. If the co-operative society of the former/deceased member is being wound up before 2 years after the date on which he stopped being a member or the date on which he died, then his liabilities shall continue to exist till the society is wound up.