GCSA 26 — Cessation of membership.

Gujarat Co-operative Societies Act, 1961

Statutory text

A person shall cease to be a member of a society on his resignation form the membership thereof being tendered in writing to the society and accepted by the society or on the transfer of the whole of his share or interest in the society to another member, or on his death, or removal or expulsion from the society :

Provided that, the resignation of a person from the membership of a society, if such member is not a surety for an unpaid debt due to the society, shall unless it is accepted earlier be deemed to have been accepted on the expiry of one month from the date of tendering his resignation in writing to the society.

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