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

84

38  &  39  Vict.  Cap.  60,  s.  21.

self  the  execution  of  liis  office,  become  bound  with  one
sufficient  surety  at  the  least  in  a  bond  according  to  one
of  the  forms  set  forth  in  the  third  schedule  to  this  Act,  or
give  the  security  of  a  guarantee  society,  in  such  sum  as  the
society  [or  branch]  directs,  conditioned  for  his  rendering  a
just  and  true  account  of  all  moneys  received  and  paid  by
him  on  account  of  the  society  [or  branch]  at  such  times  as
its  rules  appoint,  or  as  the  society  [or  branch]  or  the  trustees
or  committee  of  management  thereof  require  him  to  do  so,
and  for  the  payment  by  him  of  all  sums  due  from  him  to
the  society  [or  branch]  (a).
(2.)  Accounts  of  officers.—Every  officer,  his  executors  or
administrators,  shall,  at  such  times  as  by  the  rules  of  the
society  [or  branch]  he  should  render  account,  or  upon  demand ­
  made,  or  notice  in  writing  given  or  left  at  his  last  or
usual  place  of  residence,  give  in  his  account  as  may  be
required  by  the  society  [or  branch],  or  by  the  trustees  or
committee  of  management  of  the  society  [or  branch],  to  be
examined  and  allowed  or  disallowed  by  them,  and  shall,  on
the  like  demand  or  notice,  pay  over  all  moneys  and  deliver
all  property  for  the  time  being  in  his  hands  or  custody  to
such  person  as  the  society  [or  branch],  or  the  committee
of  management,  or  the  trustees  appoint;  and  in  case  of  any
neglect  or  refusal  to  deliver  such  account,  or  to  pay  over
such  moneys  or  to  deliver  such  property  in  manner  aforesaid, ­
  the  trustees  or  authorized  officers  of  the  society  [or
branch]  may  sue  upon  the  bond  or  security  before  mentioned, ­
  or  may  apply  to  the  county  court  (which  may  proceed
in  a  summary  way),  or  to  a  court  of  summary  jurisdiction,
and  the  order  of  either  such  court  shall  be  final  and  conclusive ­
  (b).
21.  Legal  proceedings.—With  respect  to  legal  proceedings
against  registered  societies,  the  following  provisions  [which
(a)  Founded  on  18  &  19  Vict.  c.  63,  s.  21,  but  extended  to
every  officer  having  receipt  or  charge  of  money,  as  in  the  Building ­
  Societies  Act,  1874  (37  &  38  Vict.  c.  42,  s.  23).
(b)  Founded  on  18  &  19  Vict.  c.  63,  s.  22.  As  to  the  effect  of
a  bond  given  to  an  unregistered  society,  see  Jones  v.  Woollam,
5  B.  Aid.  769;  Margelt  v.  TarJces,  1  Bowl.  &  L.  682.
            
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.