39 & 40 Vict. Cap. 45, s. 11. 
1G1 
Act, and not made to depend on the provisions of its rules, 
notwithstanding any provision contained in any rule thereof 
certified before this Act was passed. 
(3.) Moneys due from members to be a debt recoverable from 
them.—All moneys payable by a member to the society 
shall be a debt due from such member to the society, and 
shall be recoverable as such either in the county court of 
the district in which the registered office of the society is 
situate, or that of the district in which such member resides, 
at the option of the society. 
(4.) Exemption from income tax.—'The society shall not 
he chargeable under Schedule (C.) or Schedule (D.) of the 
Income Tax Acts, hut no member of or person employed 
by the same to whom any profits are paid shall he exempted 
from any assessment to the said duties to which he would 
otherwise he liable (c). 
(5.) Power of nomination for sums not exceeding fifty 
pounds.—A member of a society, not being under the age 
of sixteen j'ears, may, by writing under his hand delivered 
at or sent to the registered office of the society, nominate 
an y person, not being an officer or servant of, the society, 
unless such officer or servant is the husband, wife, father, 
mother, child, brother, sister, nephew, or niece of the 
nominator, to whom his shares in the society shall be 
transferred at his decease, provided that the amount 
credited to him in the books of the society does not exceed 
fifty pounds, and may from time to time revoke or vary 
such nomination by a writing under his hand similarly de 
livered or sent, but not otherwise, and every such society 
shall keep a book wherein the names of all persons so- 
nominated shall be regularly entered, and the shares com 
prised in any such nomination shall be transferable to the 
nominee although the rules of the society declare its shares 
to be generally not transferable; and on receiving satisfac 
tory proof of the death of a nominator the committee of the 
( c ) Tills provision is qualified by sect. 8 of the Customs and 
Inland Revenue Act, 1880 (43 Vict. c. 14). See p. 191, post.