Share or contribution or interest Not Liable to Attachment in multi state society to the provisions the share or contribution or of a member or past or deceased member in the capital of a shall not be liable to attachment before award or sale under any or order of any court in respect of any debt or liability incurred by member, and an official assignee or a receiver under any law relating every shall not be entitled to, or have any claim on, such share or The reserve fund, or the bad debt reserves, the provident fund ploys, of a cooperative society invested by such in accordance with the provisions of this Act and the bye-laws shall liable to attachment under any decree or order of a court in respect of .bet or liability incurred by the society. prohibits attachment or sale of share or contribution or interest member or past or deceased member in the capital of a cooperative society or shares in a credit cooperative society are the property of the society belong to the member and cannot be attached and the cooperative society object to the attachment of shares in a cooperative society. Because .here is prohibition on attachment or sale of the share or contribution or a member in the capital of a multi state cooperative society in If any debt or liability incurred by such member. Prohibition is also on attachment of the reserve fund, or the bad debt reserves, or the provident of the employees of a multi state society invested by such in accordance with provisions of the Act and the contents of bye-laws. Capital as defined in the Companies Act is of two first the preference share capital and second is equity share capital under this Act the capital means the only share capital which is owned member and not borrowed capital The share capital is one which dividend and the amount which cannot be withdrawn from the society person until he ceases to be a member of a multi state cooperative society. Interest is a right in the nature of a property but less than share capita soon as the share or interest is separated from capital the protection under section is lost and becomes liable for attachment.