Co-Operative Societies Act, 1912
21. Shares or interest not liable to
attachment
Subject to the provisions of section 20, the
share or interest of a member in the capital of a registered society shall! not
be liable to attachment or sale under any decree or order of a Court of Justice
in respect of any debt or liability incurred by such member, and neither the
Official Assignee under the Presidency-towns Insolvency Act, 1909 (3 of 1909),
nor a Receiver under the 7Provincial Insolvency Act, 1907 (3 of 1907), shall be
entitled to or have any claim on such share or interest.