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  delivered ­
  or  sent,  but  not  otherwise,  and  every  such  society
shall  keep  a  book  wherein  the  names  of  all  persons  sonominated
  shall  be  regularly  entered,  and  the  shares  comprised ­
  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  satisfactory ­
  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.