59.—In this Part "co-operative society" means a society registered under the Industrial and Provident Societies Act, 1893.
60.—The rules of a co-operative society may provide for all or any one or more of the following—
(a) advances of money by the society to its members on security other than the security of real or personal property, where such advances are made out of money advanced to the society by the Corporation;
(b) guarantees
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