The liability of members of a co-operative society is _________.

A. limited to the amount of nominal value of capital held

B. limited to the amount of paid up value of the capital held

C. unlimited

D. limited or unlimited depending upon what the society has opted for it

Answer: Option D

Solution(By Examveda Team)

The liability of members of a co-operative society is limited or unlimited depending upon what the society has opted for it.