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 I. Registered friendly societies

Collection:: Economics Books

(3.) Property of society, how vested.—All property belong ing to a society, whether acquired before or after the same is registered, shall vest in the trustees for the time being •of the society, for the use and benefit of the society and the members thereof, and of all persons claiming through the members according to the rules of the society ; and the property of any branch of a society shall vest in the trustees of such branch, or in the trustees of the society if the rules of the society so provide, for the use and benefit either of the members of such branch and persons claiming through such members, or of the members of the society generally, and persons claiming through them according to the rules of the society (c). (4.) Devolution on death, &c.—Upon the death, resigna tion, or removal of a trustee, whether of a society or branch, the property vested in such trustee vests in the succeeding trustees of such society or branch, either solely or together with any surviving or continuing trustees, and until the appointment of succeeding trustees in such surviving or continuing trustees only, or in the executors or adminis trators of the last surviving or continuing trustee, as per sonal estate (whether the same be real or personal), subject to the same trusts, without conveyance or assignment, ex cept that stocks and securities in the public funds of Great Britain and Ireland shall be transferred into the names of the succeeding trustees, either solely or jointly with any surviving or continuing trustees (c). (5.) In all legal proceedings whatsoever concerning any such property, the same shall be stated to be the property of the trustees for the time being in their proper names as trustees for the society or branch (as the case may be) with out further description (c). (6.) 4s to copyholds.—Where a society for branch] is en titled in equity to any hereditaments of copyhold or cus tomary tenure, either absolutely or by way of mortgage or security, the lord of the manor of which the same are held (<-) These clauses are a re-enactment of 18 & 19 Viet. c. 63, .s. 18, with amendments. The provision for resignation of a trustee is new.

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