Bye-law 61Ch.3 · Membership
Liability limited to unpaid amount on Shares
Heading as printed in the official Model Bye-laws.
Official Text
Liability limited to unpaid amount on Shares
61. The liability of a Member of the Society shall be limited to his shares-holding in the Society.
Next step
Related provisions
Draft Model Bye-laws 2026
Need this bye-law applied?
A bye-law helps only when it is used correctly.
Amendments, general body resolutions, member disputes, registrar filings — Expert Jurist LLP handles these for societies across Maharashtra, start to finish.