Bihar and West Bengal (Transfer of Territories) Act : Liability as guarantor of co-operative societies.

Bihar and West Bengal (Transfer of Territories) Act,1956

Act No : 40

Section : Liability as guarantor of co-operative societies.

35. Liability as guarantor of co-operative societies. Where, immediately before the appointed day, Bihar is liable as guarantor in respect of any liability of a registered co-operative society, that liability shall-- (a) if the area of the society's operations is limited to the transferred territories, be a liability of West Bengal; and (b) in any other case, continue to be a liability of Bihar.