Section 15
ActIn forceProvision 17 of 78
Section 15
A registered society shall have a charge upon —
(a)
the shares or interest in the capital;
(b)
the deposits of a member or past member or deceased member; and
(c)
any dividend, bonus or profits payable to a member or past member or to the estate of a deceased member, in respect of any debt due to the society from such member or past member or estate and may set off any sum credited or payable to a member or estate of a deceased member in or towards payment of any such debt.
Shares or interest not liable to attachment or sale.