Full text: 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

84 
38 & 39 Vict. Cap. 60, s. 21. 
self the execution of liis office, become bound with one 
sufficient surety at the least in a bond according to one 
of the forms set forth in the third schedule to this Act, or 
give the security of a guarantee society, in such sum as the 
society [or branch] directs, conditioned for his rendering a 
just and true account of all moneys received and paid by 
him on account of the society [or branch] at such times as 
its rules appoint, or as the society [or branch] or the trustees 
or committee of management thereof require him to do so, 
and for the payment by him of all sums due from him to 
the society [or branch] (a). 
(2.) Accounts of officers.—Every officer, his executors or 
administrators, shall, at such times as by the rules of the 
society [or branch] he should render account, or upon de 
mand made, or notice in writing given or left at his last or 
usual place of residence, give in his account as may be 
required by the society [or branch], or by the trustees or 
committee of management of the society [or branch], to be 
examined and allowed or disallowed by them, and shall, on 
the like demand or notice, pay over all moneys and deliver 
all property for the time being in his hands or custody to 
such person as the society [or branch], or the committee 
of management, or the trustees appoint; and in case of any 
neglect or refusal to deliver such account, or to pay over 
such moneys or to deliver such property in manner afore 
said, the trustees or authorized officers of the society [or 
branch] may sue upon the bond or security before men 
tioned, or may apply to the county court (which may proceed 
in a summary way), or to a court of summary jurisdiction, 
and the order of either such court shall be final and con 
clusive (b). 
21. Legal proceedings.—With respect to legal proceedings 
against registered societies, the following provisions [which 
(a) Founded on 18 & 19 Vict. c. 63, s. 21, but extended to 
every officer having receipt or charge of money, as in the Build 
ing Societies Act, 1874 (37 & 38 Vict. c. 42, s. 23). 
(b) Founded on 18 & 19 Vict. c. 63, s. 22. As to the effect of 
a bond given to an unregistered society, see Jones v. Woollam, 
5 B. Aid. 769; Margelt v. TarJces, 1 Bowl. & L. 682.
	        
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