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Section 30: Privilege on bankruptcy of members

Co-operatives Act · PART V: POWERS, PRIVILEGES AND DUTIES OF SOCIETY

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

30. Privilege on bankruptcy of members Notwithstanding any other enactment but subject to section 29 (6), where a member is adjudged bankrupt, the claim of a society in respect of any amount due to it by the member shall be a privileged claim and shall rank immediately after any claim by a landlord in respect of rent or an employee in respect of wages.

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