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

39 & 40 Vict. Cap. 45, s. 11. 1G1 Act, and not made to depend on the provisions of its rules, notwithstanding any provision contained in any rule thereof certified before this Act was passed. (3.) Moneys due from members to be a debt recoverable from them.—All moneys payable by a member to the society shall be a debt due from such member to the society, and shall be recoverable as such either in the county court of the district in which the registered office of the society is situate, or that of the district in which such member resides, at the option of the society. (4.) Exemption from income tax.—'The society shall not he chargeable under Schedule (C.) or Schedule (D.) of the Income Tax Acts, hut no member of or person employed by the same to whom any profits are paid shall he exempted from any assessment to the said duties to which he would otherwise he liable (c). (5.) Power of nomination for sums not exceeding fifty pounds.—A member of a society, not being under the age of sixteen j'ears, may, by writing under his hand delivered at or sent to the registered office of the society, nominate an y person, not being an officer or servant of, the society, unless such officer or servant is the husband, wife, father, mother, child, brother, sister, nephew, or niece of the nominator, to whom his shares in the society shall be transferred at his decease, provided that the amount credited to him in the books of the society does not exceed fifty pounds, and may from time to time revoke or vary such nomination by a writing under his hand similarly de livered or sent, but not otherwise, and every such society shall keep a book wherein the names of all persons so- nominated shall be regularly entered, and the shares com prised in any such nomination shall be transferable to the nominee although the rules of the society declare its shares to be generally not transferable; and on receiving satisfac tory proof of the death of a nominator the committee of the ( c ) Tills provision is qualified by sect. 8 of the Customs and Inland Revenue Act, 1880 (43 Vict. c. 14). See p. 191, post.

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