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withdrawable  share  withdrawn,  from  the  date  of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  instrument ­
  of  dissolution  to  be  left  to  the  award  of  the
chief  registrar  :
(b.)  Alterations.—Alterations  in  the  instrument  of  dissolution ­
  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  misdemeanor ­
  :
(cl.)  Registry  of  instrument  of  dissolution.—The  instrument ­
  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.