Where, immediately before the appointed day, the State of Andhra Pradesh or Madras is liable as guarantor in respect of any liability of a registered co-operative society, that liability shall,—
(a) if the area of the society's operations is limited to the transferred territories, be a liability of the State to which the territories are transferred; and
(b) in any other case, continue to be a liability of the State which, immediately before that day, was subject to such liability.
(a) if the area of the society's operations is limited to the transferred territories, be a liability of the State to which the territories are transferred; and
(b) in any other case, continue to be a liability of the State which, immediately before that day, was subject to such liability.
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More sections of this act
Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Transfer of territories.Section 4 · Changes of territorial divisions in Andhra Pradesh.Section 5 · Changes of territorial divisions in Madras.Section 6 · Amendment of First Schedule to the Constitution.Section 7 · Saving powers of State Government.Section 8 · Amendment of Fourth Schedule to the Constitution.India Code, Government of India. Text fetched 14 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.