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

•168 
39 & 40 Vict. Cap. 45, s. 13. 
(10.) Punishment of fraud or misappropriation.—If any 
person obtains possession by false representation or impo 
sition of any property of a society, or having the same in 
his possession, withholds or misapplies the same, or wilfully 
applies any part thereof to purposes other than those ex 
pressed or directed in the rules of the society and authorized 
by this Act, he shall, on the complaint of the society, or of any 
member authorized by the society, or the committee thereof, 
■or by the central office, or of the chief registrar, or any 
assistant registrar by his authority, be liable on summary 
conviction to a penalty not exceeding twenty pounds, with 
costs not exceeding twenty shillings, and to be ordered to 
deliver up all such property or to repay all moneys applied 
improperly, and in default of such delivery or repayment, 
or of the payment of such penalty and costs aforesaid, to be 
imprisoned with or without hard labour, for any time not 
■exceeding three months; but nothing herein contained 
shall prevent an3 r such person from being proceeded against 
by way of indictment, if not previously convicted of the 
same offence under the provisions of this Act (a). 
13. Officers in receipt or charge of money.—With respect to 
■officers of registered societies having receipt or charge of 
money, the following provisions shall have effect: 
(1.) Security to he given.—Every officer, if the rules of 
the society require, shall, before taking upon himself the 
•execution of his office, become bound, either with or with 
out a surety as the committee require, in a bond according 
to one of the forms set forth in the third schedule to this 
Act, or such other form as the committee of the society 
approve, or give the security of a guarantee society, in such 
sum as the committee directs, conditioned for his rendering 
■a just and true account of all moneys received and paid by 
him on account of the society at such times as its rules 
appoint, or as the society or the committee thereof require 
(a) The provisions of this section are similar to those of 
sect. 16 of the Friendly Societies Act, 1875. See p. 75, ante, 
and see note G., Appendix.
	        
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