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

176 
39 & 40 Vict. Cap. 45, s. 17. 
if any, unpaid on the shares in respect of which 
he or it is liable as a past or present member (a): 
(e.) An individual, society, or company shall be taken to 
have ceased to be a member, in respect of any 
withdrawable share withdrawn, from the date of 
the notice or application for withdrawal (b). 
(3.) Contents of instrument of dissolution.—"Where a 
society is terminated by an instrument of dissolution the 
following provisions shall apply : 
(a.) The instrument of dissolution shall set forth the 
liabilities and assets of the society in detail, the 
number of members and the nature of their 
interests in the society respectively, the claims of 
creditors (if any), and the provision to be made 
for their payment, and the intended appropriation 
or division of the funds and property of the 
society, unless the same be stated in the instru 
ment of dissolution to be left to the award of the 
chief registrar : 
(b.) Alterations.—Alterations in the instrument of disso 
lution may be made with the like consents as 
hereinbefore provided, and testified in the same 
manner : 
(c.) Statutory declaration.—A statutory declaration shall 
be made by three members and the secretary of 
the society that the provisions of this Act have 
been cofnplied with, and shall be sent to the 
registrar with the instrument of dissolution ; and 
any person knowingly making a false or fraudulent 
declaration in the matter shall be guilty of a mis 
demeanor : 
(cl.) Registry of instrument of dissolution.—The instru 
ment of dissolution and all alterations therein 
(a) See Sheffield Co-operative Society, in re, 13 W. R. 667, 
and Note M. Appendix. The qualifications are re-enacted, with 
amendments from s. 20 of the Industrial and Provident Societies 
Act, 1872. 
(b) The provision in this sub-head is new.
	        
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