law: Multi-State Cooperative Societies Act, 1984 
  54. Share or
  
  contribution or interest not liable to attachment.- 
  1.     
  
    Subject
  
  to the provisions of section 53, the share or contribution or interest of a
  
  member or past or deceased member in the capital of a multi-State cooperative
  
  society shall not be liable to attachment or sale under any decree or order of
  
  any court in respect of any debt or liability incurred by such member and an
  
  official assignee or a receiver under any law relating to insolvency shall not
  
  be entitled to or have any claim on such share of contribution or interest.
  2.     
  
    The
  
  reserve fund, or the bad debt reserves, or the provident fund of the employees
  
  of a multi-State cooperative society invested by such society in accordance
  
  with the provisions of this Act and the rules shall not be liable to attachment
  
  under any decree or order of a court in respect of any debt or liability
  
  incurred by the society.