2. Section 9 of the Co-operative Societies Ordinance, hereinafter referred to as the " principal enactment", is hereby amended as follows :
| (1) by the renumbering of that section as subsection (1) of section 9 ; and |
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| (2) by the addition, immediately after the renumbered subsection (1) of that section, of the following new subsection : - |
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| (2) Where a member of a registered society has not made such payment to the society or acquired such interest in the society as is referred to in subsection (1),. it shall be lawful for the society, from any sum of money due from the society to such member in respect of the purchase of any scheduled agricultural product under the Agricultural Products (Guaranteed Prices and Control of Hulling and Milling) Act, No. 33 of 1961, to deduct any sum of money due to the society from such member in respect of such payment or such interest as is referred to in subsection (1). ". |
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Sri Lanka Consolidated Acts