INTRODUCTION.

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59.  A  registered  society  may  create  a  loan
fund  distinct  from  its  other  funds,  and  may  lend
a  sum  not  exceeding  £50  out  of  such  fund  to  any
member.
60.  Every  officer  of  a  registered  society,  having
receipt  or  charge  of  its  money,  must,  if  required
by  the  rules,  give  security,  and  must  render
accounts  when  called  upon.
61.  Legal  proceedings  may  be  taken  against  a
registered  society  either  in  the  name  of  its  trustees,
or  of  any  officer  who  receives  its  contributions,
and  continue  notwithstanding  the  discontinuance
of  such  officer.  Provision  is  made  for  the  service
of  summonses,  &c.,  at  any  place  of  business  of  the
society;  or,  if  the  place  of  business  be  closed,  by
posting  a  copy  on  its  outer  door,  and  giving  notice
by  registered  letter  to  the  committee  of  management ­
  at  the  registered  office  of  the  society.
62.  Disputes  are  to  be  decided  in  the  manner
the  rules  of  the  society  direct;  and  the  parties
may,  by  consent,  refer  a  dispute  to  the  Chief  (or  in
Scotland  or  Ireland  the  Assistant)  Registrar,  who
may  administer  oaths,  call  witnesses,  and  require
the  production  of  documents.
63.  Upon  application  of  one-fifth  of  the
members  of  a  registered  society  (or  of  100
members  only  where  the  society  consists  of  1,000
and  not  exceeding  10,000,  or  of  500  members  of
a  society  exceeding  10,000),  the  Chief  (or  in
Scotland  or  Ireland  the  Assistant)  Registrar  may
with  the  consent  of  the  Treasury  appoint  inspectors
to  examine  into  the  affairs  of  the  society  and  to
report  thereon  or  may  call  a  special  meeting  of  the
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