Why is a cooperative society is called a voluntary association of person ?
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Cooperative Credit Societies are voluntary associations of people with moderate means formed with the object of extending short-term financial accommodation to them and developing the habit of thrift among them. ... The members of the primary society are villagers.
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Voluntary Association: A cooperative society is a voluntary association of persons and not of capital. Any person can join a cooperative society of his free will and can leave it at any time. When he leaves, he can withdraw his capital from the society.
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