38 & 39 Yict. Cap. 60, s. 15. 
73 
for liquidation, of his affairs by assignment or arrangement, 
or for composition with his creditors, or becomes a lunatic, 
or is dead, or has been removed from his office of trustee, 
or if it be unknown whether such person is living or dead, 
the chief registrar, on application in writing from the secre 
tary and three members of the society [or branch], and on 
proof satisfactory to him, may direct the transfer of the 
stock into the names of any other persons as trustees for 
the society [or branch] ; and such transfer shall be made 
by the surviving or continuing trustees, and if there be no 
Such trustees, or if such trustees refuse or be unable to 
make such transfer, and the chief registrar so direct, then 
by the Accountant-General or Deputy or Assistant Ac 
countant-General of the Bank of England or Bank of 
Ireland, as the case may be ; and the Governors and Com 
panies of the Bank of England and Bank of Ireland re 
spectively are hereby indemnified for anything done by 
them or any of their officers in pursuance of this provision 
against any claim or demand of any person injuriously 
affected thereby (6). 
(7.) Priority on death, bankruptcy, &c., of officer.—Upon 
the death, or bankruptcy, or insolvency of any officer of a 
society [or branch], having in his possession by virtue of 
his office any money or property belonging to the society 
[or branch], or if any execution, attachment, or other 
process be issued, or action or diligence raised against such 
officer, or against his property, his heirs, executors, or admi 
nistrators, or trustee in bankruptcy or insolvency, or the 
sheriff or other person executing such process, or the party 
using such action or diligence respectively shall, upon 
demand in writing of the trustees of the society [or branch], 
or any two of them, or any person authorized by the so- 
ciety [or branch], or by the committee of management of 
the same, to make such demand, pay such money and de 
liver over such property to the trustees of the society [or 
(b) This is a re-enactment of 18 & 19 Viet. c. 63, s. 36, the 
privileges of which were extended to building societies by 37 & 
38 Viet. c. 42, s. 26. See Tre usury regulations 15 to 18 and 
Horns M, 17, 0. 
E