73-F. MEMBER WHO OR WHOSE NEAR RELATION IS DEALING IN GOODS FOR PURCHASE OF WHICH LOANS ARE GIVEN BY A SOCIETY NOT ELIGIBLE TO BE ON ITS COMMITTEE
In the case of a society, which gives loans to members for purchasing machinery, implements, equipment, commodities or other goods, [or which deals in such goods], no member, who or whose near relation is a dealer in such goods or is a director of a company or a partner in a firm carrying on business in such dealing in goods, shall be eligible for being elected or appointed as a member of the committee of such society.
Explanation—For the purposes of this section, the expression "near relation, means a wife, husband, father, mother, son. daughter, son-in-law, or daughter-in-law.