187
39 & 40 Vict. Cap. 45, s. 26.
5. Determination of tlie amount of interest, not exceeding
two hundred pounds sterling, in the shares (a) of the
society which any member other than a registered society
may hold.
6. Determination whether the society may contract loans
or receive money on deposit subject to the provisions of
sub-section (2) of section 10 of this Act, from members or
others ; and if so, under what conditions, on what security,
and to what limits of amount.
7. Determination whether the shares or any number
thereof shall he transferable ; and if it be determined that
the shares or any number thereof shall be transferable,
provision for the form of transfer and registration of the
shares, and for the consent of the committee thereto ; and
if it be determined that the shares or any of them shall be
■withdrawable, provision for paying the members the balance
due thereon on withdrawing from the society (b).
8. Provision for the audit of accounts.
9. Determination whether and how members may withdraw
from the society, and provision for the claims of
executors, administrators, or trustees of the property of
bankrupt members, and for the payment of nominees in the
case herein mentioned.
10. Mode of application of profits.
11. Provisions for the custody, use, and device of the
seal of the society, which shall in all cases bear the registered
name of the society.
12. Determination whether and by what authority, and
111 '"’bat manner, any part of the capital may be invested.
(a) Section 6 of the Act (see p. 151, o»/eb limits the interest
Of a member (other than a registered society) m the funds of the
society to 2001. sterling. , _ . >
(4) From this it appears that the same shares cannot ho
hotli transferable and -withdrawable.
151, ante), limits the interest
