38  &  39  Vict.  Cap.  60,  s.  24.

91

resolution,  transfer  its  engagements  to  any  other  registered
society  which  may  undertake  to  fulfil  the  engagements  of
srrcli  society  (c).
(4.)  Conversion  of  societies  into  companies,  &c.—A  society
may  by  special  resolution  determine  to  convert  itself  into
a  company  under  the  Companies  Acts,  or  to  amalgamate
with  or  transfer  its  engagements  to  any  such  company  (d).
(5.)  Eights  of  creditors.—No  amalgamation  or  transfer  of
engagements  shall  prejudice  any  right  of  a  creditor  of
either  or  any  society  party  thereto  (e).
(6.)  Registration  of  special  resolutions.—A  copy  of  every
special  resolution  for  any  of  the  purposes  mentioned  in
this  section,  signed  by  the  chairman  of  the  meeting  and
countersigned  by  the  secretary,  shall  be  sent  to  the  central
office  and  registered  there,  and  until  such  copy  is  so
registered  such  special  resolution  shall  not  take  effect  (e).
(~.)  Registration  of  copy  of  special  resolution  as  memorandum ­
  of  association.—If  a  special  resolution  for  convertln
 g  a  society  into  a  company  contains  the  particulars  by
the  Companies  Act,  1862,  required  to  he  contained  in  the
memorandum  of  association  of  a  company,  and  a  copy
thereof  has  been  registered  at  the  central  office,  a  copy  of
such  resolution  under  the  seal  or  stamp  of  the  central  office
shall  have  the  same  effect  as  a  memorandum  of  association
duly  signed  and  attested  under  the  said  Act  (e).
(8.)  Registry  of  society  under  Act  to  become  void  on  registration ­
  as  a  company,  dec.—If  a  society  be  registered  as,  or

(p)  Union  of  societies,  or  transfer  of  tire  engagements  of  a
society,  was  authorized  by  18  &  19  Vict.  c.  63,  s.  14.
(d)  This  provision  is  new.  The  Industrial  and  Provident
Societies  Act,  1862,  s.  21,  authorized  the  conversion  of  a  society
Registered  under  it  into  a  company,  but  contained  no  provision
sunilar  to  clause  7  of  the  present  section  directing  the  manner
m  which  such  conversion  is  to  be  effected,  merely  enacting  that
“ e  society  shall  conform  to  the  provisions  of  the  Companies
Act -  The  Industrial  and  Provident  Societies  Act,  1876,  has  a
Provision  adopted  from  the  Friendly  Societies  Act,  1875.  See
Uirt  III,  post'
\ e )  These  provisions  are  new.