law: Co-Operative Societies Act 2008 
  109.
  
  Lien on shares
  1.      A registered society
  
  has a lien on a share or any amount outstanding to the credit of a member or
  
  his legal representative for a debt due by that member to that society.
  2.      A registered society
  
  may enforce a lien mentioned in subsection (1) in the manner set out in its
  
  by-laws.
  3.      The Board may, in
  
  default of payment by any member indebted to a registered society, apply the
  
  sum paid up for the time being on any shares held by that member in or towards
  
  the discharge of the debt so due and of any expenses in or about the same, and
  
  the defaulting member shall cease to have any further claim in respect of such
  
  shares.