Full text : 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

174

39  &  40  Vict.  Cap.  45,  s.  17.

(6.)  Registration  of  special  resolutions.—A  copy  of  every
special  resolution  for  any  of  the  purposes  mentioned  in  this
section,  signed  hy  the  chairman  of  the  meeting  and  countersigned ­
  by  the  secretary,  shall  be  sent  to  the  central  office
and  registered  there,  and  until  such  copy  is  so  registered,
such  special  resolution  shall  not  take  effect.
(7.)  Registration  of  copy  of  special  resolution  as  memorandum ­
  of  association.—If  a  special  resolution  for  converting  a
society  into  a  company  contains  the  particulars  by  the
Companies  Act,  1862,  required  to  be  contained  in  the
memorandum  of  association  of  a  company,  and  a  copy
thereof  has  been  registered  at  the  central  office,  a  copy  of
such  resolution  under  the  seal  or  stamp  of  the  central
office  shall  have  the  same  effect  as  a  memorandum  of  association ­
  duly  signed  and  attested  under  the  said  Act  (a).
(8.)  Registry  of  society  under  Act  to  become  void  on  registration ­
  as  a  company,  &c.—If  a  society  be  registered  as,  or
amalgamates  with,  or  transfers  all  its  engagements  to  a
company,  the  registry  of  such  society  under  this  Act  shall
thereupon  become  void,  and  the  same  shall  be  cancelled  hy
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,  shall  have  priority  as  against  the  property  of
such  company  over  all  other  rights  or  claims  against  or
liabilities  of  such  company.
17.  Dissolution  of  societies.—With  respect  to  the  dissolution ­
  of  registered  societies,  the  following  provisions  shall
have  effect:

(cr)  Sec  note  (4),  p.  173,  ante.
            
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