Co-operative Societies Ordinance

Subject to any prior claim of the Government on the property of the debtor and to
            the lien or claim of a landlord in respect of rent or any money recoverable as rent and
            in the case of immovable property to any prior registered charge
thereon—
(Amended
61 of 2000 s. 3
)
(a)
any debt or outstanding demand payable to a registered society by any member
                    or past member shall be a first charge on all crops or other agricultural
                    produce, felled timber or other forest produce, marine produce, fish
                    (
fresh-
water and
salt-
water), livestock, fodder, agricultural, industrial and
                    fishing implements, plant, machinery, boats, tackle and nets, raw materials,
                    stock in trade and generally all produce of labour and things used in connexion
                    with production raised, purchased or produced in whole or in part from any loan
                    whether in money or in goods given him by the
society:
Provided that nothing herein
                    contained shall affect the claim of any bona fide purchaser or transferee
                    without notice;
(b)
any outstanding demands or dues payable to a registered housing society by any
                member or past member in respect of rent, shares, loans or purchase money or any
                other rights or amounts payable to such society shall be a first charge upon his
                interest in the immovable property of the society.