fullscreen: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

92 
38 & 39 Vict. Cap. 60, s. 24. 
amalgamates with, or transfers all its engagements to a 
■company, the registry of such society under this Act there 
upon becomes void, and the same shall he cancelled by the 
chief registrar or by the assistant registrar for Scotland or 
Ireland under his direction; but the registration of a 
society as a company shall not affect any right or claim for 
the time being subsisting against such society, or any 
penalty for the time being incurred by such society; and 
for the purpose of enforcing any such right, claim, or 
penalty, the society may be sued and proceeded against in 
the same manner as if it had not become registered as a 
•company; and every such right or claim, or the liability 
to such penalty, lias priority, as against the property of 
such company, over all other rights or claims against or 
liabilities of such company (a). 
Proviso as to friendly societies.—Provided as follows as 
respects friendly societies :— 
(rt.) No special resolution by any society for any amal 
gamation or transfer of engagements under this 
section is valid unless five-sixths in value (to be 
calculated as for dissolution) of the members 
assent thereto, either at the meetings at which 
such resolution is passed and confirmed, or one of 
them, or in writing, if such members were not 
present thereat, nor without the written consent 
of every person for the time being receiving or 
entitled to any relief, annuity, or other benefit 
from the funds of the society, unless the claim of 
such person be first duly satisfied, or adequate 
provision be made for satisfying such claim : 
(b.) The provisions hereinafter contained in case of dis 
solution as to the punishment of officers and the 
remedy of members or persons dissatisfied with 
the provision made for satisfying their claims, 
shall apply to the case of amalgamation and 
transfer of engagements: 
(a) This provision is new.
	        
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