law: Multi-State Cooperative Societies Act, 1984 
  Chapter XII:
  
  Societies Which Become Multi-State Cooperative Societies Consequent on Re-organisation
  
  of States 
  95. Cooperative
  
  societies functioning immediately before re-organisation of States.- 
  1.     
  
    Where
  
  by virtue of the provisions of Part I of the States Reorganisation Act, 1956,
  
  or any other enactment relating to reorganisation of States, any cooperative
  
  society which immediately before the day on which the reorganisation takes
  
  place, had its objects confined to one State becomes, as from that day, a multi-State
  
  cooperative society, it shall be deemed to be a multi-State cooperative society
  
  registered under the corresponding provisions of this Act and the bye-laws of
  
  such society shall, in so far as they are not inconsistent with the provisions
  
  of this Act, continue to be in force until altered or rescinded.
  2.     
  
    If
  
  it appears to the Central Registrar or any officer authorised in this behalf by
  
  the Central Government (hereafter in this section referred to as the authorised
  
  officer) that it is necessary or expedient to reconstitute or reorganize any
  
  society referred to in sub-section(1) the Central Registrar or the authorised
  
  officer, as the case may be, may, with the previous approval of the Central
  
  Government, place before a meeting of the general body of that society, held in
  
  such manner as may be prescribed, a scheme for the reconstitution or
  
  reorganisation, including proposals regarding -
  a.      the formation of new
  
  multi-State cooperative societies and the transfer thereto in whole or in part,
  
  of the assets and liabilities of that society, or
  b.     the transfer, in
  
  whole or in part, of the assets and liabilities of that society to any other
  
  multi-State cooperative society in existence immediately before the date of
  
  that meeting of the general body (hereafter in this section referred to as the
  
  existing multi-State cooperative society).
  1.     
  
  
  2.     
  
  
  3.     
  
    If
  
  the scheme is sanctioned by a resolution passed by a majority of the members
  
  present at the said meeting, either without modifications or with modifications
  
  to which the Central Registrar or the authorised officer agrees, he shall
  
  certify the scheme and upon such certification, the scheme shall,
  
  notwithstanding anything to the contrary contained in any law, regulation or
  
  bye-laws for the time being in force, be binding on all the societies affected
  
  by the scheme, as well as the share-holders and creditors of all such
  
  societies.
  4.     
  
    If
  
  the scheme is not sanctioned under sub-section (3), the Central Registrar or
  
  the authorised officer may refer the scheme to such Judge of the appropriate
  
  High Court, as may be nominated in this behalf by the Chief Justice thereof,
  
  and the decision of that Judge in regard to the scheme shall be final and shall
  
  be binding on all the societies affected by the scheme as well as the
  
  shareholders and creditors of all such societies.
  Explanation -  In this sub-section,
  
  "appropriate High Court" means the High Court within the local limits
  
  of whose jurisdiction the principal place of business of the multi-state
  
  cooperative society is situated.
  1.     
  
  
  2.     
  
  
  3.     
  
  
  4.     
  
  
  5.     
  
    Notwithstanding
  
  anything contained in this section, where a scheme under sub-section (2)
  
  includes any proposal regarding the transfer of the assets and liabilities of
  
  any multi-State cooperative society referred to in clause (b) thereof, the
  
  scheme shall not be binding on such multi-State cooperative society or the
  
  shareholders and creditors thereof, unless the proposal regarding such transfer
  
  is accepted by that multi-State cooperative society by a resolution passed by a
  
  majority of the members present at a meeting of its general body.