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 III. Industrial and provident societies

Collection:: Economics Books

/ 158 39 & 40 Vict. Cap. 45, s. 10. unless lie be an officer of tbe society, or be specially authorized by a resolution thereof, shall have the right to inspect a loan or deposit account of any other member without the written consent of such member: i(/.) Supplying copies of annual returns.—Supply gratui tously to every member or person interested in the funds of the society, on his application, a copy of the last annual return of the society for the time being: {g.) Balance sheet, Joe., to he hung up at office.—Keep a copy of the last balance sheet for the time being, together with the report of the auditors, always hung up in a conspicuous place at the registered office of the society. (2.) Provisions as to hanlcing.—The following provisions shall apply to the business of banking by societies (a)— (a.) No society which has any withdrawable share capital shall carry on the business of banking: (b.) Every society which carries on the business of bank ing shall, on the first Mondays in February and August in each year, make out and keep con spicuously hung up in its registered office, and every other place of business belonging to it, a statement in the form in the third schedule hereto annexed, or as near thereto as the circumstances admit (6): (c.) The taking deposits of not more than five shillings in any one payment, nor more than twenty pounds for any one depositor, payable on not less than two clear days’ notice, shall not be included in the business of banking within the meaning of (а) The business of banking is for the first time permitted by tliis Act to be carried on by an industrial and provident society. It was expressly excepted from the trades allowed to be carried : on under the Act of 1862. (25 & 26 Vict. c. 87> s. 3.) (б) This statement is similar to that required by the Com panies Act, 1862, to be made by a banking company.

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