Subject to any prior claim of the Government in respect of land-revenue or any money recoverable as land-revenue or of a landlord in respect of rent or any money recoverable as rent, a registered society shall be entitled in priority to other creditors to enforce any outstanding demand due to the society from a member or past member-
(a) in respect of the supply of seed or manure or of the loan of money for the purchase of seed or manure upon the crops or other agricultural produce of such member or person at any time within eighteen months from the date of such supply or loan;
(b) in respect of the supply of cattle, fodder for cattle, agricultural or industrial implements or machinery, or raw materials for manufacture, or of the loan of money for the purchase of any of the foregoing things- upon any such things so supplied, or purchased in whole or in part from any such loan, or on any articles manufactured from raw materials so supplied or purchased.
Co Operative Societies Act 1912
Section 11 of Cooperative Societies Act - Amendment of the by-laws of a registered society
Section 12 of Cooperative Societies Act - Member not to exercise rights till due payment made
Section 13 of Cooperative Societies Act - Votes of members
Section 14 of Cooperative Societies Act - Restrictions on transfer of share or interest
Section 15 of Cooperative Societies Act - Address of societies
Section16 of Cooperative Societies Act - Copy of Act, rules and by-laws to be open to inspection
Section 17 of Cooperative Societies Act - Audit
Section 18 of Cooperative Societies Act - Societies to be bodies corporate
Section 19 of Cooperative Societies Act - Prior claim of society