New Zealand Gazette – 1927 – No. 88

Page 3794

✨ Regulations for Management of the Intermediate Credit Association



3794
THE NEW ZEALAND GAZETTE.
[No. 88

  1. Each holder of registered shares whose registered place of address is not in New Zealand may from time to time notify in writing to the association some place in New Zealand which shall be deemed his registered place of address for the purpose of the past preceding regulation; but, in the absence of any such notification, he shall not be entitled to have any notice sent to him from the association, whose registered office shall be deemed the registered address of such member for all purposes whatever, and all proceedings taken without other notice to any such member shall be as valid as if he had due notice thereof.

  2. All notices shall, with respect to any registered shares to which persons are jointly entitled, be given to whichever of such persons is named first in the register, and such notice so given shall be sufficient notice to all the holders of such shares.

  3. Any notice sent by post shall be deemed to have been served on the day following the day on which the envelope or wrapper containing the same shall have been posted, and in proving such service it shall be sufficient to prove that the envelope or wrapper containing the notice was properly addressed and put into the post-office.

  4. Every person who by operation of law, transfer, or other means whatsoever shall become entitled to any share shall be bound by every notice in respect of such share which previously to his name and address being entered on the register shall have been duly given to the person from whom he derives his title to such share.

  5. Any notice or document delivered or sent by post to or left at the registered address or address for service of any member in pursuance of these regulations shall, notwithstanding such member be then deceased or shall be in any way incapacitated, and whether the association have notice of his decease or incapacity or not, be deemed to have been duly served in respect of his shares, whether held solely or jointly with other persons, until some other person be registered in his stead as the holder or joint holder thereof; and such service shall for all purposes be deemed a sufficient service of such notice or document on his heirs, executors, administrators, successors, assigns, or committees, and all persons (if any) jointly interested with him in any such shares.

  6. The signature to any notice to be given by the association may be written, typewritten, or printed.

  7. Where a given number of days’ notice, or notice extending over any period, is required to be given, the day of service shall not be, but the day upon which such notice will expire shall be, included in such number of days or other period.

INDEMNITY OF DIRECTORS.

  1. Every director of the association shall be indemnified by the association against all costs, losses, and expenses which he may incur or become liable to by reason of any contract entered into or act or thing done by him as such director in the discharge of and within the scope of his duties.

F. D. THOMSON,
Clerk of the Executive Council.

By Authority: W. A. G. SKINNER, Government Printer, Wellington.

Price, 1s.]


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✨ LLM interpretation of page content

💰 Regulations for Management of the Intermediate Credit Association, Limited (continued from previous page)

💰 Finance & Revenue
Regulations, Co-operative, Rural Credit, Management, Association, Directors, Meetings, Powers, Minutes, Dividends, Accounts, Audit, Notices
  • F. D. Thomson, Clerk of the Executive Council
  • W. A. G. Skinner, Government Printer