Section 91 - Disposal of surplus assets. - Multi-State Co-Operative Societies Act, 2002

Disposal of surplus assets. 91. The surplus assets, as shown in the report of a liquidator of a multi State co operative society which is wound up, ( a ) may, if the bye laws of the multi State co operative society specify the purpose for which surplus shall be utilised, be utilised by the Central Registrar for the said purpose, and ( b ) if the bye laws aforesaid do not specify the purpose, be divided by the Central Registrar with the previous sanction of the Central Government, amongst the members of such multi State co operative society in such manner as be prescribed.