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. 12. 165 (d.) Any contract, which if made between private per sons would be by law valid, though made by parol only and not reduced into writing, may be made by parol on behalf of the society by any person acting under the express or implied authority of the society, and may in the same manner be varied or discharged : (e.) A signature purporting to be made by a person hold ing any office in the society attached to a writing whereby any contract purports to be made, varied, or discharged by or on behalf of the society shall primd facie be taken to be the signature of a per son holding at the time when the signature was made the office so stated : And all contracts which may be or have been made, varied, or discharged, according to the provisions herein contained, shall, so far as concerns the form thereof, be effectual in law and binding on the society and all other parties thereto, their heirs, executors, or administrators, as the case may be (a). 12. Property and funds of societies.—With respect to the property and funds of registered societies, the following provisions shall have effect : (1.) Holding of land.—A society may (if its rules do not direct otherwise) hold, purchase, or take on lease in its own name any land, and may sell, exchange, mortgage, lease, or build upon the same (with power to alter and pull down buildings and again rebuild), and ho purchaser, assignee, mortgagee, or tenant shall be bound to inquire as to the ■authority for any such sale, exchange, mortgage, or lease by the society, and the receipt of the society shall be a dis charge for all moneys arising from or in connection with such sale, exchange, mortgage, or lease (b). (2.) Advances to members.—The rules may provide for the advancing of money by the society to members on the security of real or personal property (b). (c) These provisions are adopted from the Companies Acts. (b) These provisions are re-enacted, with amendments, from ss -1, 2 of the Act of 1871 (34 & 35 Vict. c. 80). Similar provisions are contained in the Friendly Societies Act, 1875, see p. 76, ante.

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