The surplus assets, as shown in the report of liquidator for multi state cooperative society which is wound up (a) may, if the bye-laws of the cooperative society • the purpose for which surplus shall be utilized be utilized Central Registrar for the said purpose, and (b) if the bye-laws aforesaid do not specify the purpose, be div by the Central Registrar with the previous sanction of the Government, amongst the members of such multi state society in such manner as may be prescribed. xeric in a report of a liquidator of credit cooperative society, wound up the surplus assets are shown the Central Registrar may be for the purpose as the bye-laws of multi state cooperative society purpose for which the surplus be used and if no purpose has been in tile bye-laws then the surplus amount be divided by the Central with the prior sanction of the Central Government amongst the multi state society in the manner as may be Central Registrar cannot act beyond the scope of the bye laws of the cooperative society and is bound to utilize the surplus assets on. Cleaved the report of liquidator for the specific purpose as provided or application to register amendment of bye-laws of a multi state cooperative society, assets of the multi state cooperative society shall be applied in order of priority for the payment of liabilities Pro rata payment of all outside liabilities real repayment of loans and deposits of members Pro rata refund of share capital Pro real payment of dividend on the shares ands; the rate not exceeding.