280
MODEL RULES
interest, unless the shares to he transferred to any nominee
would raise his interest in the society to an amount exceed
ing £200, in which case they shall pay him the full value
of such shares, not exceeding the sum aforesaid. An entry
of such payment shall he made in the proper hook, and
thereupon the shares so paid for shall he extinguished.
If any member entitled to an interest in the society not
exceeding £50 dies intestate and without having made any
nomination which remains unrevoked at his death, such’
interest shall he transferable or payable, without letters of'
administration, to or among the persons who appear to a
majority of the committee, upon such evidence as they
may deem satisfactory, to he entitled by law to receive the-
same.
If any member entitled to an interest in the society not
exceeding £50 dies leaving a will and without having
made any nomination which remains unrevoked at his
death, or if any member entitled to an interest in the
society exceeding £50 dies, such interest shall be transfer
able or payable only to his executors or administrators.
If any member becomes bankrupt, his interest in the
society shall be transferable or payable to the trustee of his
property.—Industrial and Provident Societies Act, 1876-
s. 11. (5, 6, 7.)
21.—Application for Inspection.
It shall be the right of one-fifth of the total number of'
members, or if the number of members shall at any time
amount to 1,000, and shall not exceed 10,000, it shall be
the right of 100 members, or if the number shall at any
time exceed 10,000, it shall be the right of 500 members,,
by an application in writing to the chief registrar (a), signed
by them in the forms respectively provided by the Treasury
regulations in that behalf—
(a.) To apply for the appointment of one or more in
spectors to examine into the affairs of the society and to’
report thereon.—Industrial and Provident Societies Act,.
1876, s. 15. (1 a.)
(b.) To apply for the calling of a special meeting of the
society.--Industrial and Provident Societies Act, 1876,,
s. 15. (1 b.)
(a) If the society is registered and does business exclusively
in Scotland or Ireland, instead of the words “ chief registrar
insert the words “assistant registrar for Scotland,” or, “for-
Ireland,” as the case may be.