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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FOR AN INDUSTRIAL AND PROVIDENT SOCIETY. 275 •deposit remains unsatisfied. [If the society is to carry on the business of banking, it should be so stated in rule 1 and suitable provision made for such business, as well as for the keeping the half-yearly statement required by the Act hung up at all places of business. A society for carry ing on the business of banking cannot have withdrawable •capital.] 11.—Publication of Name. The name of the society shall be kept painted and affixed on the outside of every office or place in which the business of the society is carried on, in a conspicuous position, in letters easily legible, and shall be engraven in legible characters on its seal, and shall be mentioned in legible characters in all notices, advertisements, and other official publications of the society, and in all bills of ex change, promissory notes, indorsements, cheques, and orders for money and goods, purporting to be signed by or ■on behalf of the society, and in all bills of parcels, invoices, receipts, and letters of credit of the society.—Industrial •and Provident Societies Act, 1876, s. 10. (1 b.) 12.—Inspection of Books. The books and accounts of the society shall be open to the inspection of any member or person having an interest in the funds of the society, at all reasonable times, at the registered office of the society, or at any place where the same are kept, subject to such regulations as to the time and manner of such inspection as may be made from time to time by the general meetings, and it shall be the duty •of the secretary to produce them [except that no such member or person, unless he be an officer of the society, or be specially authorized by a resolution of the society to do so, shall have the right to inspect the loan or deposit account of any other member without the written consent of such member.]—Industrial and Provident Societies Act. 1876, s. 10. (1 e.) 13.—Application of Profits. The net profits of all business carried on by the society, after paying or providing for the expenses of management, interest on money borrowed, and dividends upon paid up subscriptions, shall, once in eveiy half-year, be applied, in

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