Co-Operative Societies Act, 1912
19. Prior claim of Society
Subject to any prior claim of the
6[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.