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

162 39 & 40 Vict. Cap. 45, s. 11. society shall either transfer the shares in manner directed on such nomination or pay to every person entitled there under the full value of his interest, at their option, unless the shares if transferred to any such nominee would raise his interest in the society to an amount exceeding two hundred pounds sterling, in which case they shall pay him the full value of such shares, not exceeding the sum afore said (a). (6.) Distribution of sums not exceeding fifty pounds.—If any member of a society, entitled to an interest in the society not exceeding fifty pounds, dies intestate and with out having made any nomination under this Act which remains unrevoked at his death, such interest shall be transferable or payable, without letters of administration, to or among the persons who appear to a majority of the committee, upon such evidence as they may deem satisfac tory, to be entitled by law to receive the same (b). (7.) Payments to persons apparently entitled valid.— Whenever the committee, after the decease of any member, make any payment or transfer to any person who at the ■time appears to them to be entitled under this section, the ■payment or transfer shall be valid and effectual against any demand made upon the committee or the society by any ■other person. (8.) When trustees are absent, &c., registrar may order stock to be transferred.—When any person, in whose name any stock belonging to any such society transferable at the Bank of England or Bank of Ireland is standing, either jointly with another or others or solely, as a trustee there for, is absent from Great Britain or Ireland respectively, or becomes bankrupt, or files any petition or executes any deed for liquidation of his affairs by assignment or arrange ment, or for composition with his creditors, or becomes a lunatic, or is dead, or has been removed from his office of (a) This is re-enacted, with amendments, from 30 & 31 Vict. •c. 117, s. 5. (5) See Table of Distribution, Appendix E.

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