Question

When a primary society has passed a resolution for division of the society into two societies, the members and creditors of that society should exercise their option of withdrawing their shares, deposits etc within a period of from the date of service of notice:

• A. one month
• B. Three months
• C. Two months
• D. 90 days

Answer 1

Answer:

C. Two months

Members and creditors must exercise their option to withdraw within 2 months of notice.