Haryana and Uttar Pradesh (Alteration of Boundaries) Act : LIABILITY AS GUARANTOR OF CO--OPERATIVE SOCIETIES

Haryana and Uttar Pradesh (Alteration of Boundaries) Act,1979

Act No : 31

Section : LIABILITY AS GUARANTOR OF CO--OPERATIVE SOCIETIES

SECTION 21: LIABILITY AS GUARANTOR OF CO--OPERATIVE SOCIETIES

Where, immediately before the appointed day, the State of Haryana or Uttar Pradesh 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 the State to which the territories are transferred; and

(b) in any other case, continue to be a liability of the State which immediately before that day was subject to such liability.