A credit cooperative society shall have a charge on the share or can attribution or in terse t in the capital and on the deposits of deceased member and on any dividend, bonus or profits payable to a member or past member or the estate of a deceased member in respect of and debt due from such member or past member or the estate of such deceased member to the society and may set off any sum credited or payable to , member or past member or the estate of deceased member in or towards payment of any such debt. regarding any debt recoverable by the multi state society is member or past member or deceased member, the society shall have rage upon the share, or contribution or interest in the capital and on  by such members and in dividend, bonus or profit payable to such .err or forming part of the estate of the deceased member. The cooperative society has power to set off any sum credited or payable to past member or the estate of deceased member in or to wards of any such debt. A multi state co-operative society shall have a charge on the share or contribution or industrial processing cooperative society in the capital and on the deposits of a member or past or deceased member and on any dividend, bonus or profits payable to a member or past member or the estate of a deceased member in respect of any debt due from such member or past member or the estate of such deceased member to the society and may set-off any sum credited or payable to a member or past member or the estate of deceased member in or towards payment of any such debt. Guarantee the repayment of share capital of a multi state cooperative society principles and dividends thereon at such rates as may be specified by the Central Government or the State Government.