280

MODEL  RULES

interest,  unless  the  shares  to  he  transferred  to  any  nominee
would  raise  his  interest  in  the  society  to  an  amount  exceeding ­
  £200,  in  which  case  they  shall  pay  him  the  full  value
of  such  shares,  not  exceeding  the  sum  aforesaid.  An  entry
of  such  payment  shall  he  made  in  the  proper  hook,  and
thereupon  the  shares  so  paid  for  shall  he  extinguished.
If  any  member  entitled  to  an  interest  in  the  society  not
exceeding  £50  dies  intestate  and  without  having  made  any
nomination  which  remains  unrevoked  at  his  death,  such’
interest  shall  he  transferable  or  payable,  without  letters  of'
administration,  to  or  among  the  persons  who  appear  to  a
majority  of  the  committee,  upon  such  evidence  as  they
may  deem  satisfactory,  to  he  entitled  by  law  to  receive  thesame.

If  any  member  entitled  to  an  interest  in  the  society  not
exceeding  £50  dies  leaving  a  will  and  without  having
made  any  nomination  which  remains  unrevoked  at  his
death,  or  if  any  member  entitled  to  an  interest  in  the
society  exceeding  £50  dies,  such  interest  shall  be  transferable ­
  or  payable  only  to  his  executors  or  administrators.
If  any  member  becomes  bankrupt,  his  interest  in  the
society  shall  be  transferable  or  payable  to  the  trustee  of  his
property.—Industrial  and  Provident  Societies  Act,  1876-s.
  11.  (5,  6,  7.)

21.—Application  for  Inspection.
It  shall  be  the  right  of  one-fifth  of  the  total  number  of'
members,  or  if  the  number  of  members  shall  at  any  time
amount  to  1,000,  and  shall  not  exceed  10,000,  it  shall  be
the  right  of  100  members,  or  if  the  number  shall  at  any
time  exceed  10,000,  it  shall  be  the  right  of  500  members,,
by  an  application  in  writing  to  the  chief  registrar  (a),  signed
by  them  in  the  forms  respectively  provided  by  the  Treasury
regulations  in  that  behalf—
(a.)  To  apply  for  the  appointment  of  one  or  more  inspectors ­
  to  examine  into  the  affairs  of  the  society  and  to’
report  thereon.—Industrial  and  Provident  Societies  Act,.
1876,  s.  15.  (1  a.)
(b.)  To  apply  for  the  calling  of  a  special  meeting  of  the
society.--Industrial  and  Provident  Societies  Act,  1876,,
s.  15.  (1  b.)

(a)  If  the  society  is  registered  and  does  business  exclusively
in  Scotland  or  Ireland,  instead  of  the  words  “  chief  registrar
insert  the  words  “assistant  registrar  for  Scotland,”  or,  “for-Ireland,”
  as  the  case  may  be.