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FRIENDLY SOCIETIES ACT,
13 & 14 VICT. CAP. 115,
WITH
INTRODUCTION, NOTES,
AND A
COPIOUS INDEX.
BY WILLIAM PATERSON, ESQ.,
Barrister-at-Law,
Author of "Joint-Stock Companies Act," &c.
LONDON:
JOHN CROCKFORD, LAW TIMES OFFICE, 29, ESSEX STREET, STRAND.
1850.
PRINTED BY JOHN CROCKFORD, 29, ESSEX STREET,
STRAND.
SUMMARY.
SECT.
PAGE
1. Repeal of 10 Geo. 4, c. 56; 2 & 3 Will. 4, c. 37; 4 & 5
Will. 4, c. 40; 3 & 4 Vict. c. 73; 9 & 10 Vict. c. 27
2. Objects for which Friendly Societies may be established; act
limited to societies not assuring above 1007., or annuity of
301., or allowance of 20s. per week in sickness
3. No sum to be paid on the death of a child except for funeral;
certificate of surgeon or coroner required before money
paid on death of a member
4. Power to repeal or alter rules, and appoint committee and
officers..
5. Separate accounts to be kept of money paid and received for
each particular fund or benefit
6. Society or branch not legally established till rules certified
7. Registrar to give certificate; certified Friendly Societies;
registered societies
8. Societies granting annuities to have tables of such annuities
certified by actuary
9. Fees to be paid to registrar for certificates
10. Appointment and salary of registrar.
11. Treasurer to give bond
12. Trustees, &c., to invest funds
13. Property vested in trustees; trustees may sue and be sued;
no person to be deemed a trustee until his appointment shall
have been forwarded to the registrar
12
14. Limitation of responsibility of treasurer, &c.; treasurer, &c.,
liable for money actually received
14
15. Trustees to transmit annual return to registrar
16. In default of such return, trustees to be incapable of bringing
action
15
45
17. Quinquennial returns to be sent to registrar
18. Registrar to prepare abstract of returns to be laid before
Parliament..
16
19. When trustees shall be absent, &c., registrar may order stock
to be transferred and dividends paid
17
20. Act to be an indemnity to the bank
18
78
21. Provisions of 39 Geo. 3, c. 79, and of 57 Geo. 3, c. 19, not to
extend to Friendly Societies under this act
22. Disputes between society and trustees to be settled according
to rules; questions of equity to be settled by County Court,
or Sheriff Court of Scotland..
19
20
23. Rules for arbitration, where such is appointed by rules;
justices may enforce the award
24. If no arbitrators appointed, or no award given, justices may
decide
25. In case member is unjustly expelled, arbitrators or justices
may direct such member to be re-instated, and in default
may award a sum of compensation
26. In case of fraud or imposition on the funds, justices may
summon the parties, and hear the complaint; upon proof of
fraud, justices may award double the amount obtained, &c.;
if money awarded is not paid, the same may be levied by
distress; in default of distress, offender may be committed
to prison.
27. Orders of justices to be final, and not removable into court of
law, &c.
28. Treasurers, &c. to render accounts, and upon demand pay over
inoneys, &c. to party appointed by society, &c.; and in case
of neglect application may be made to the registrar, who shall
proceed thereupon in a summary way
22
23
24
26
27
29. On such reference registrar may inspect books and administer
oaths; false evidence perjury
30. Orders, &c. to be binding without appeal
31. Secretary of State to fix amount of fees payable on reference,
and registrar to determine who shall pay
32. Member of Friendly Society may be a witness
them
33. Minors may be members, and have legal authority to act, but
not to hold office
34. Consent necessary for dissolution of society
28
29
30
35. Rules, &c. under hand of registrar to be received without proof
of signature
31
36. Executors, &c. of officers of certified Friendly Societies to pay
money due to society before any other debts, within forty days
after demand in writing
37. Member belonging to more than one society not to be entitled
to benefits exceeding 1007., or 301. annuity, or 20s. sickness 33
38. Power to certified societies to invest moneys with National
Debt Commissioners, upon declaration that they belong ex-
clusively to the society; in case declaration not true money
to be forfeited and applied in manner directed by 9 Geo. 4,
c. 92
33
39. Powers of attorneys, &c., not liable to stamp duty...
40. For payment of sums not exceeding 50l. when members die
35
intestate
41. Payments to persons who appear to trustees to be entitled to
effects of deceased intestate members declared valid; but
next-of-kin, &c., to have remedy against the party who
receives the same
36
42. Payment on death of members to be made to executors, &c.,
and not to nominees
43. Existing Friendly Societies not to invest with National Debt
Commissioners except for assurances made before passing of
this act
37
44. Declaration to be made by trustees on investment; if declara-
tion not true, money to be forfeited and applied in manner
directed by 9 Geo. 4, c. 92
45. Exemption from stamp duty not applicable to societies granting
assurances above the limits of this act
46. Societies established under repealed acts to be entitled to ex-
emptions and privileges of this act, if they do not grant assu-
rances beyond the limits of this act
47. Societies not to re-deposit moneys with Commissioners for
Reduction of National Debt without consent of Comptroller
General
48. Provisions of this act may be applied to benevolent and chari-
table societies formed by voluntary subscriptions, &c., if
rules are registered in pursuance of this act
38
39
3393
40
41
47