Question

9. A member who holds jointly share of society, a his name
appears first in share certificate.
a) Nominal member
b) Associate member
c) Sympathizes member
d) Non of the above
10​

Answer 1

Answer:

According to Maharashtra Co-operative Societies Act 1960 – “Associate member” means a member who holds jointly a share of a society with others, but whose name does not stand first in the share certificate.” This makes him a legitimate member of the society, if only after the original member.