law: Co-Operative Societies Act, 1912
  21. Shares or interest not liable to
  
  attachment
  Subject to the provisions of section 20, the
  
  share or interest of a member in the capital of a registered society shall! not
  
  be liable to attachment or sale under any decree or order of a Court of Justice
  
  in respect of any debt or liability incurred by such member, and neither the
  
  Official Assignee under the Presidency-towns Insolvency Act, 1909 (3 of 1909),
  
  nor a Receiver under the 7Provincial Insolvency Act, 1907 (3 of 1907), shall be
  
  entitled to or have any claim on such share or interest.