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. 16. 173 resolutions (sic) has been duly given according to the rules, and which resolution is confirmed by a majority of such members for the time being entitled under the rules to votes as may he present, in person or by proxy, at a subse quent general meeting of which notice has been duly given, held not less than fourteen days nor more than one montli from the day of the meeting at which such resolution was first passed. At any meeting mentioned in this section a declaration by the chairman that the resolution has been carried shall he deemed conclusive evidence of the fact. (2.) Change of name.—A society may, by special resolu tion, with the approval in writing of the chief registrar, or, in the case of societies registered and doing business exclu sively in Scotland or Ireland, the assistant registrar for Scotland or Ireland respectively, change its name ; hut no such change shall affect any right or obligation of the society, or of any member thereof, and any pending legal proceedings may he continued by or against the society, notwithstanding its new name. (3.) Amalgamation of societies.—Any two or more socie ties may, by special resolution of both or all such societies, become amalgamated together as one society, with or with out any dissolution or division of the funds of such societies or either of them; and any society may by special resolu tion transfer its engagements to any other registered society ■which may undertake to fulfil the engagements of such society. (4.) Conversion of societies into companies, Ac.—A society may by special resolution determine to convert itself into a company under the Companies Acts, or to amalgamate ■with or transfer its engagements to any such company (5). (5.) Eights of creditors. —No amalgamation or transfer of engagements shall prejudice any right of a creditor of either or any society party thereto. (6) This was allowed by the Act of 1862 (25 & 26 Vict. c. 87, 21), but the machinery of conversion was not provided by that Act, and is now supplied.

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