Chapter III- Members of Co-operative Societies, their Rights and Liabilities, Section 21- Nominal or associate members

A co-operative society may admit any person as a nominal or associate member in accordance with its bye-laws.

A nominal or associate member shall not be entitled to any share in the assets or profits of the co-operative society, unless the society bye-laws specify conditions under which the nominal or associate members are entitled shares in the assets or profits.