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

280 
MODEL RULES 
interest, unless the shares to he transferred to any nominee 
would raise his interest in the society to an amount exceed 
ing £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 the- 
same. 
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 transfer 
able 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 in 
spectors 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.
	        
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