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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MODEL RULES. 241 savings bank, in the public funds, or with the commissioners for the reduction of the national debt, or upon government or real securities in Great Britain or Ireland (&) or in the purchase of land, or in the erection or alteration of offices or other buildings thereon as after mentioned.—- Friendly Societies Act, 1875, s. 16 (1). 2. The committee of management, with the consent of a special meeting of the society called for the purpose, may purchase or take on lease in the names of the trustees any land (c) in the county where the society’s registered office is situate [or in any other county where it has an office], and may sell, exchange, mortgage, lease, or build upon the same (with power to alter and pull down buildings and again rebuild), and no purchaser, assignee, mortgagee, or tenant shall be bound to inquire as to the authority for any sale, exchange, mortgage, or lease by the trustees, and the receipt of the trustees shall be a discharge for all moneys arising from or in connexion with such sale, exchange, mortgage, or lease.—Friendly Societies Act, 1875, s. 16 (2). 3. Mortgages or other assurances for securing money to the society may be vacated by a receipt indorsed, signed by the trustees, and countersigned by the secretary, in the form contained in the third schedule to the Friendly Societies Act, 1875 [or if a special form be provided, in the form herein specified, or in the form specified in the schedule to these rules],—Friendly Societies Act, 1875, s. 16 (7). XV.—Loans to Members. [If a loan fund is intended to be established, it must be stated whether the same is to be formed out of the contributions or deposits of the members, or by both means, and whether moneys may be advanced to members on their personal security, with or without sureties; also to what extent not exceeding ,£200, a member shall be capable of holding any interest in the loan fund; to what amount loans may be granted, such amount not to exceed, together vrith any moneys for the time being owing by the member to the society, the sum of £50; and to what total amount, not to exceed two-tliirds of the total sums for the. (b) [Any other securities upon which it is proposed the funds should be invested should here be specified]. (c) If the extent or value of the land is to be, limited, srfet here “ not exceeding acres ” (stating quantity) or “ not ex«e«d» ing in value £ .” (stating value). M

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