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NIGERIAN CO-OPERATIVE SOCIETIES ACT

Section 30: Restriction on loan.

1993Section 30 of 58•Federal Republic of Nigeria

A registered society shall not, except as provided in section 32 of this Act grant a loan to a person, who is not a member of that society, provided that it may grant a loan to another registered society with the consent of a majority of its members.

Cite this section

Section 30, NIGERIAN CO-OPERATIVE SOCIETIES ACT (1993).

https://repo.podus.ai/laws/nigerian-co-operative-societies-act/section/30/