73F. 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 director of a company or a partner in a firm carrying on business in such 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.
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