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

FOB AN INDUSTRIAL AND PROVIDENT SOCIETY. 273 
place of abode, and profession or business of tbe proposed 
transferee, and the numbers of each share to be transferred, 
and the consideration to be paid for the transfer. All 
transfers shall be in the form in the schedule to these rules. 
[No member shall withdraw from the society except by 
transfer of his shares.] 
7 (6).—Withdrawal of Members. 
No [withdrawable] shares shall be transferable; but any 
member who has paid up all his subscriptions [on his with 
drawable shares] may withdraw from the society on giving 
months’ notice in writing to the secretary of his 
intention; and any member may withdraw without paying 
up all his subscriptions with the consent of the committee 
of management. Upon the withdrawal of any member lie 
shall receive payment of the balance then standing to his 
credit in the books of the society, with all arrears of divi 
dend and profits, if any, within months after such 
withdrawal. Any member having participated in the profits 
shall, in case of withdrawal, forfeit such sum not exceeding 
, as the said committee may think proper; such 
forfeits to go to the funds of the society. 
Members may withdraw any sum above £ , 
according to the following scale, of notice :— 
£ 
£ 
£ 
£ 
to £ 
}> 
on application to the said committee. 
weeks. 
1) 
?? 
£ 
£ 
£ 
to £ 
weeks. 
No money is to be withdrawn during the first twelve 
months except in cases of distress. 
A member being in distress may withdraw any sum he 
may have in the funds of the society above £2, at the 
discretion of the said committee. 
8.—Audit of A ccounts. 
The committee of management shall cause the accounts 
of all business carried on by the society to be regularly 
entered in proper books. 
(b) If tlie shares are not to be transferable, then this rule will 
have to be adopted instead of 7 (n), but not both rules, except in 
the case where some of the shares are to be transferable only and 
the remainder withdrawable only. 
N 3
	        
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