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

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Monograph

Identifikator:: 875232663

URN:: urn:nbn:de:zbw-retromon-2698

Document type:: Monograph

Title:: 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

Place of publication:: with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index$gTenth edition, revised and enlarged

Publisher:: Shaw and Sons

Year of publication:: 1881

Scope:: 1 Online-Ressource (XII, 303 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part I. Registered friendly societies

Collection:: Economics Books

92 38 & 39 Vict. Cap. 60, s. 24. amalgamates with, or transfers all its engagements to a ■company, the registry of such society under this Act there upon becomes void, and the same shall he cancelled by 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, lias priority, as against the property of such company, over all other rights or claims against or liabilities of such company (a). Proviso as to friendly societies.—Provided as follows as respects friendly societies :— (rt.) No special resolution by any society for any amal gamation or transfer of engagements under this section is valid unless five-sixths in value (to be calculated as for dissolution) of the members assent thereto, either at the meetings at which such resolution is passed and confirmed, or one of them, or in writing, if such members were not present thereat, nor without the written consent of every person for the time being receiving or entitled to any relief, annuity, or other benefit from the funds of the society, unless the claim of such person be first duly satisfied, or adequate provision be made for satisfying such claim : (b.) The provisions hereinafter contained in case of dis solution as to the punishment of officers and the remedy of members or persons dissatisfied with the provision made for satisfying their claims, shall apply to the case of amalgamation and transfer of engagements: (a) This provision is new.

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