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

270 
MODEL RULES 
MODEL RULES EOR AN INDUSTRIAL AND 
PROVIDENT SOCIETY PURSUANT TO THE 
INDUSTRIAL AND PROVIDENT SOCIETIES 
ACT, 1876. 
1.—Name, Place of Office, and Object of Society. 
This society shall he called the “ Industrial and 
Provident Society, Limited,” and the registered office of the 
society shall be No. , Street in the 
parish of , and county of . The object of 
the society is to carry on the labour, trade, or handicraft 
of both wholesale and retail [and the buying and 
selling of land]. 
In the event of any change in the situation of the regis 
tered office, notice of such change shall be sent within 14 
days thereafter to the registrar in manner and form pro 
vided by the Treasury regulation in that behalf.—Indus 
trial and Provident Societies Act, 1876, s. 10 (1 a.) 
2.—Admission of Members. 
No person shall be admitted as member of the society 
except by the committee of management, and every member 
on election shall take one or more share or shares of £ 
each. He shall pay as entrance money, and shall 
have given to him a copy of the rules of the society. A 
society or company may be admitted a member upon the 
same terms, and shall be entitled to be represented at 
general meetings by any person it may appoint under its 
seal. 
No member, other than a registered society, shall hold 
an interest exceeding £ (a) in the shares of the 
society. 
3.—Powers of Society. 
The society may erect any houses, cottages or other 
buildings on any lands from time to time held by the 
society, and may alter or pull down and again rebuild any 
buildings, whether erected by the society, or otherwise 
(a) The sum mentioned must not exceed £200.
	        
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