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Section 14
The Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Act 10 of 1976)Meghalaya

Section 14. Power of Co-operative Societies to borrow from banks

Notwithstanding anything contained in the Meghalaya Co-operative Societies’ Act (Assam Act I of 1950 as adapted by Meghalaya), it shall be lawful for any Co-operative Society to borrow from a bank.