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. 167' (7.) Application of profits.—The profits of the society may be applied to any lawful purpose (c). (8.) Discharge of mortgages by receipt endorsed.—A receipt under the hands of two members of the committee of the society, countersigned by the secretary, in the form, con tained in the third schedule to this Act, or in any form specified by the rules of the society or any schedule thereto,, for all moneys secured to the society by any mortgage or other assurance endorsed upon or annexed to'such mortgage or other assurance, shall vacate the same, and vest the pro perty therein comprised in the person entitled to the equity of redemption of the same, without re-conveyance or re-surrender; but this provision shall not apply to Scotland or to the island of Jersey. (9.) Registration of receipt.—If such mortgage or other assurance has been registered under any Act for the regis tration or record of deeds or titles, or is of copyholds or lands of customary tenure and entered on any court rolls, the registrar under such Act, or recording officer, or steward of the manor, or keeper of the register, shall, on production of such receipt, verified by oath of any person, enter satis faction on the register or on the court rolls respectively of such mortgage or of the charge made by such assurance, and shall grant a certificate, either upon such mortgage or assurance or separately to the like effect, which certificate shall be received in evidence in all courts and proceedings without further proof, and such registrar, recording officer, steward, or keeper of the register shall be entitled to a fee of two shillings and sixpence for making the said entry and granting the said certificate, and such fee shall in Ireland be paid by stamps, and applied as other fees of the Registry of Deeds Office and Record of Title Office are by law directed to be paid and applied. (c) By sect. 3 of the Act of 1862, “ applying the profits for any purposes allowed by the Friendly Societies Acts or otherwise permitted by law,” was defined as part of the purposes of a. society.

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