39 & 40 Vict. Cap. 45, s. 17. 175
(1.) How societies may he dissolved.—A society may Toe
dissolved.—
By an order to wind up the society, or a resolution for
the winding up thereof, made as is directed in regard
to companies by the Companies Act, 1862, the provisions
whereof shall apply to any such order or resolution,
except that the court having jurisdiction in the
winding up shall be the county court (b), and that the
term registrar shall for the purpose of such winding up
mean the central office in England, or the assistant
registrar in Scotland or Ireland, as the case may be ;
or,
By the consent of three fourths of the members, testified
by their signatures to an instrument of dissolution.
(2.) Liability of the members. — Where a society is wound
up the liability of a present or past member of the society
to contribute for payment of the debts and liabilities of the
society, the expenses of winding up, and the adjustment of
the rights of contributories amongst themselves, shall bo
qualified as follows :
(«•) No individual, society, or company who or which
has ceased to be a member for one year or
upwards prior to the commencement of the
winding up shall be liable to contribute :
(&•) No individual, society, or company shall be liable to
contribute in respect of any debt or liability contracted
after he or it ceased to be a member :
( c -) No individual, society, or company not a member
shall be liable to contribute, unless it appears to
the court that the contributions of the existing
members are - insufficient to satisfy the just
demands on the society :
(d.) No contribution shall be required from any individual,
society, or company exceeding the amount,
. W This is a re-enactment, with amendments, of s. 17 of the
ndustrial and Provident Societies Act, 1862.
