Victorian Consolidated Legislation

Co-operative Housing Societies Act 1958 - SECT 28

Society's charge on shares

28. Society's charge on shares

A society shall have a charge upon the share or interest in the capital of a
member or past member in respect of any debt due from the member or past
member to the society, and may set off any sum credited or payable to a member
or past member in or towards payment of the debt.