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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INTRODUCTION. 23 40. A Friendly Society may not be dissolved voluntarily without the consent of five-sixths in value of the members, including honorary members,, and of all those receiving any relief, annuity, or benefit, unless the claims of such persons are duly satisfied, or adequate provision made for the pur pose. The instrument of dissolution must either set forth the intended division or appropriation of the funds, or refer such matter to the Registrar. Where the society is in an insolvent state, the Registrar may, upon the application of one-fifth in number of the members (or of a less proportion in a society of 1,000 members or more) dissolve the same compulsorily, by award, if he shall upon investigation so think fit, and may direct how the funds and property of the society are to be divided. The dissolution is in either case to be advertised in the Gazette, and in a county news paper, by the Registrar, and is binding and effec tual on all persons, unless proceedings are taken by any member to set it aside within three months from the date of the advertisement. 41. A Friendly Society may, by special resolu tion, amalgamate with, or transfer its engage ments to any other society upon the like consent, and subject to the same restrictions as provided for the case of dissolution. 42. No person by reason of enrolment or ser vice in the militia, naval coast volunteers, naval reserve volunteer force, yeomanry, or volunteers, will lose or forfeit any interest in a Friendly Society,, registered or unregistered, notwithstanding any rule of such society to the contrary; but in a.

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