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

38 & 39 Vict. Cap. 60, s. 25. 97 tlie grounds upon which, such insufficiency is alleged, and requesting an investigation into the affairs of such society with a view to the dissolu tion thereof, the chief registrar may by himself, or by any assistant registrar, or hy any actuary or public auditor whom the chief registrar may ap point in writing under his hand, investigate the affairs of the society, giving nevertheless not less than two months previous notice in writing to the society whose affairs are to be investigated at the registered office of such society (c): (b.) If upon such investigation it appears that the funds of the society are insufficient to meet the existing claims thereon, or that the rates of contribution fixed in the rules of the society are insufficient to cover the benefits assured to he given by the same, the chief registrar may, if he considers it expe dient so to do, award that the society shall be dissolved, and its affairs wound up, and shall direct in what manner the assets of the society shall be divided or appropriated: provided always, that the chief registrar may suspend his award for such period as he may deem necessary to enable the society to make such alterations and adjustment of contributions and benefits as will in his judg ment prevent the necessity of such award of disso lution being made (d): (c.) A registrar proceeding under this section has all the same powers and authorities, enforceable by the same penalties, as in the case of a dispute referred to him under this Act (e): (e) This provision is similar to 23 & 24 Viet. c. 58, s. 1, but the number of members who may make application to the regis trar is reduced from five-eighths to one-fiftli (or less in a large society), and insufficiency of funds is more clearly defined. See Treasury regulations 45 to 48 and Forms AM to AQ. (d) See 23 & 24 Vict. c. 58, s. 1. The power to suspend the , award is new. It was acted upon by the chief registrar in a case recorded in his Eeport for 1876, p. 33. (e) This provision is new. F

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