Gujarat Co-operative Societies Act, 1961
(1) Notwithstanding anything contained in any other law for the time being in fore, but subject to any prior claim of Government in respect of land revenue or any money recoverable as land revenue and to the provisions of sections 60 and 61 of the Code of Civil procedure, 1908,— (a) any debts or outstanding demand, owing to a society by nay member or a person who has ceased to be a member shall be a first charge upon— (i) the crops or other agricultural produce raised in whole or in part whether with or without a loan taken form the society by him, (ii) cattle, foldер for cattle, agricultural or industrial implements or machinery, or raw material for manufacture, or workshop, godown or place of business, supplied to, or purchased by him in whole or in part, from any loan whether in money of goods made to him by the society, and (iii) any movable property which may have been hypothecated, pledged or otherwise mortgaged by him with the society, and remaining in his custody; (b) any outstanding demands or dues payable to a society by any member or a person who has ceased to be a member, in respect of rent, shares, loans or purchase money or any other rights or amounts payable to such society, shall be a first charge upon his interest in the immovable property of the society : Provided that the prior claim of Government in respect of dues other than land revenue, shall be restricted for the purpose of this sub-section to the assets created by a member out of the funds in respect of which the government has a claim. (2) No property or interest in property, which is subject to a charge under sub-section (1) shall be transferred in any manner without the previous permission of the society; and such transfer shall be subject to such conditions, if any, as the society and impose. (3) Any transfer made in contravention of sub-section (2) shall be void,