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

80 38 & 39 Vict. Cap. 60, s. 17. (10.) Trustees not to be personally liable.—Trustees of a society [or branch] are not liable to make good any defi ciency in the funds of such society [or branch], but are liable only for moneys actually received by them respectively on account of such society [or branch] (a). 17. Investments with National Debt Commissioners.—With respect to the investments of funds with the Commissioners for the Reduction of the National Debt, the following pro visions shall have effect (1>) : 1. The society [or branch] may pay to the account of the commissioners of the Bank of England or Ireland any sum of money not less than fifty pounds upon a declaration of the trustees of the society [or branch], or any two of them, that such moneys belong exclu sively to the society [or branch], 2. The cashier of the bank shall receive all such moneys and place the same to the account of the commis sioners in the book of the bank named “ The Fund for Friendly Societies:” 3. All moneys paid in upon a false declaration shall be forfeited to the commissioners, and applied by them in the manner directed by the twenty-sixth and twenty-seventh Victoria, chapter eighty-seven, sec tion thirty-eight : 4. The provisions of the twenty-sixth and twenty-seventh Victoria, chapter eighty-seven, sections twenty-one (except so far as the same may be repealed by any Act to be passed in this session of parliament) (c), twenty-two, twenty-four, twenty-five, twenty-six, moneys of the society which have come to his hands as treasurer, it must be shown that he has been guilty of some fraud or mis representation. Mere inability to pay over the money to the trustees is not enough: Barrett v. MarJcham, L. R., 7 C. P. 405. See Appendix, Note E. (a) This is a re-enactment of 18 & 19 Vict. c. 63, s. 20. (5) This section is a re-enactment, in a more intellgible form, of the provisions of sects. 33, 34 and 35 of 18 & 19 Vict. c. 63. (e) No such Act was passed; but an alteration in the section referred to was proposed by a bill in 1875 that was ultimately withdrawn.

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