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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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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2 12 APPENDIX OF CASES. On the appointment of a treasurer of a friendly society, it was agreed that of the funds then in hand, she was to pay interest for £120. It was held that this was not to he con sidered as a loan to her, hut that it was in her hands and possession by virtue of her office of treasurer, within the meaning of the 4 & 5 Will. 4, c. 40, s. 12, and that the assignees were bound to pay over the amount to the society : Ex parte Ray, 3 Dea. S37. By the rules of a friendly society it was provided that there should be appointed a treasurer or treasurers, in whose hands should be deposited all the cash belonging to the society, until the same should be placed out at interest; . and that as soon as a sufficient sum should be collected, it should (after leaving in the club-box a sufficient sum to pay the sick and other expenses of the society), be deposited in the hands of the treasurer or treasurers of the society ; and that the clerk and two stewards should take the same to the bank. No formal appointment of treasurer was made, but the moneys of the society were paid into a bank. It was held that the bankers were not employed as officers of the society: Ex parte Orford, 1 De Gex, M. & G. 483. A friendly society appointed a Joint Stock Bank its treasurer. Held, that the treasurer must be a natural person not a corporation, and that the words of sect. 15 (7) as to insolvency do not apply to proceedings in winding-up a ■ company : Ex parte Swansea Friendly Society, Law Rep. 11 Ch. Div. 768. G. Note to sect. 16 (9) of the Friendly Societies Act, 1879, AND SECT. 12 (10) OF THE INDUSTRIAL AND PRO VIDENT Societies Act, 1876. These sub-sections are to the same effect as 18 & 19 Viet. ■ c. 63, s. 24 and previous Friendly Societies Acts, with respect to which the following cases have been decided :— Where an officer of a society had received, as such, moneys -belonging to the society, and afterwards executed an assign ment for the benefit of his creditors, and his assignees had enough to repay the amount, but the specific moneys so received were not traced to the assignees, the assignees were held not liable to be proceeded against under this section : Ex parte O’Donnell, 1 L. R. (Q. B.) 274; 30 J. P. 279. The remedy given by this section applies where the

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