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

39  &  40  Vict.  Cap.  45,  s.  16.

173

resolutions  (sic)  has  been  duly  given  according  to  the  rules,
and  which  resolution  is  confirmed  by  a  majority  of  such
members  for  the  time  being  entitled  under  the  rules  to
votes  as  may  he  present,  in  person  or  by  proxy,  at  a  subsequent ­
  general  meeting  of  which  notice  has  been  duly  given,
held  not  less  than  fourteen  days  nor  more  than  one  montli
from  the  day  of  the  meeting  at  which  such  resolution  was
first  passed.  At  any  meeting  mentioned  in  this  section  a
declaration  by  the  chairman  that  the  resolution  has  been
carried  shall  he  deemed  conclusive  evidence  of  the  fact.
(2.)  Change  of  name.—A  society  may,  by  special  resolution, ­
  with  the  approval  in  writing  of  the  chief  registrar,  or,
in  the  case  of  societies  registered  and  doing  business  exclusively ­
  in  Scotland  or  Ireland,  the  assistant  registrar  for
Scotland  or  Ireland  respectively,  change  its  name  ;  hut  no
such  change  shall  affect  any  right  or  obligation  of  the
society,  or  of  any  member  thereof,  and  any  pending  legal
proceedings  may  he  continued  by  or  against  the  society,
notwithstanding  its  new  name.
(3.)  Amalgamation  of  societies.—Any  two  or  more  societies ­
  may,  by  special  resolution  of  both  or  all  such  societies,
become  amalgamated  together  as  one  society,  with  or  without ­
  any  dissolution  or  division  of  the  funds  of  such  societies
or  either  of  them;  and  any  society  may  by  special  resolution ­
  transfer  its  engagements  to  any  other  registered  society
■which  may  undertake  to  fulfil  the  engagements  of  such
society.
(4.)  Conversion  of  societies  into  companies,  Ac.—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  (5).
(5.)  Eights  of  creditors.  —No  amalgamation  or  transfer  of
engagements  shall  prejudice  any  right  of  a  creditor  of  either
or  any  society  party  thereto.

(6)  This  was  allowed  by  the  Act  of  1862  (25  &  26  Vict.  c.  87,
21),  but  the  machinery  of  conversion  was  not  provided  by  that
Act,  and  is  now  supplied.
            
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