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The shares of a cooperative society ______ transferable. - Commercial Applications

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Question

The shares of a cooperative society ______ transferable.

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Solution

The shares of a cooperative society are not transferable.

Explanation:

A cooperative society’s shares cannot be freely transferred from one person to another. “One can withdraw his capital but cannot transfer his shares to another person.”

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Chapter 5: Ownership Structures - Cooperative Society - QUESTION BANK [Page 66]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
QUESTION BANK | Q 6. (v) | Page 66
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