Under Rule 22 of KCS Rules, a member of a co-operative society:

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Under Rule 22 of KCS Rules, a member of a co-operative society:

ACan hypothecate his shares to any individual.

BCan pledge his shares to any financial institution.

CCan transfer his shares to any non-member.

DCannot hypothecate his shares to any co-operative society

Answer:

D. Cannot hypothecate his shares to any co-operative society

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