β¨ Legislation Text
281
the Province in which the place of business of the said Society
or Branch shall be held, to be by him deposited with the Rules
of the Society or Branch in his custody as aforesaid
-
No Treasurer or Trustee or other officer of any Society
or Branch established under the authority of this Act shall be
liable to make good any deficiency which may arise in the funds
thereof, unless he shall have declared, by writing under his hand,
to be deposited with the Registrar or deputy Registrar respec-
tively of the Supreme Court as before, that he is willing so to be
answerable; and it shall be lawful for each of such persons to
limit his responsibility to such sum as shall be specified in such
writing. Provided always that every Treasurer, Trustee, or other
officer shall be personally responsible and liable, for all moneys
actually received by him on account of, or for the use of such
Society or Branch.
Responsibility of Treasurer. -
The Trustees or other officer of every such Society or
Branch in whose charge the accounts of the said Society are
kept, shall, once in every year, prepare, or cause to be prepared,
a general statement under the several heads of information in
Schedule D to this Act, of the Funds and Effects of such So-
ciety or Branch during the past twelve months as accurately as
such officer may be able to furnish the information required, and
shall file the same with the said Registrar or deputy Registrar of
the Supreme Court as aforesaid on some day before the first of
February in each year; and every such statement shall be attested
by two Trustees of such Society, and by the Auditor, if any such
shall have been appointed, and shall be countersigned by the of-
ficer who keeps the accounts of such Society, and every Member
shall be entitled to receive from the said Society a copy of such
statement on payment of one shilling.
Trustees to make annual return. -
If in any year such statement shall not have been trans-
mitted as aforesaid on or before the last day of February, or if
any fraudulent or wilfully false return shall have been filed, such
Trustees are hereby declared to be incapable of prosecuting any
action in any Court of Law or Equity on behalf of such Society
or Branch, until they shall have duly furnished to the Registrar
or deputy Registrar respectively of the Supreme Court, such state-
ments as aforesaid.
In default of return Trustees to be incapable of bringing action. -
Whenever it shall happen that any person in whose name
any part of the several stocks, annuities, funds, and debentures of
any certified or Friendly Society is or shall be standing as a Trus-
tee of any such Society or Branch shall be out of the said Colony,
or shall have been removed from his office of Trustee, or shall be
an insolvent or lunatic, or it shall be unknown whether such Trus-
tee is living or dead, it shall be lawful for a Judge of the Supreme
Court of the said Colony, upon the petition of any duly appointed
Trustee or Trustees of such Society or Branch, by order under his
hand with, or without reference to the Registrar or a deputy Re-
gistrar of the said Court, to appoint a person or persons in the room
of the person or persons so insolvent or lunatic, to transfer such
stock, annuities, or funds, standing as aforesaid, to and into the
name of the duly appointed Trustee or Trustees, and also pay
When Trustees shall be absent Judge may order stock to be transferred and dividends paid.
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β¨ LLM interpretation of page content
ποΈ
Sections 11-14 of Friendly Societies Act regarding Treasurer liability and Trustee duties
(continued from previous page)
ποΈ Governance & Central Administration16 August 1856
Legislation, Friendly Societies Act, Treasurer liability, Trustee responsibility, Annual returns, Stock transfer
NZ Gazette 1856, No 32