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withdrawable share withdrawn, from the date of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.