Section 24Part 0 —
When debts due to society are to take priority over other debts
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If any person who is appointed to any office in a society and entrusted with the keeping of the accounts, or having in his hands or possession by virtue of his office or employment any moneys or effects belonging to such society, or any deeds or securities relating to the same, dies or becomes bankrupt, or has any extent, execution or attachment or other process issued against his lands, goods, chattels or effects, property or estate, real or personal, or makes any assignment, disposition or other conveyance thereof for the benefit of his creditors, heirs, executors, administrators or assignees, or other persons having legal right, the Bailiff or other officers executing such process shall, within forty days after demand made in writing, by the order of any such society or committee, or the major part of them assembled at any meeting, deliver and pay over all moneys and other things belonging to such society to such person as the society or committee shall appoint; and shall pay out of the estates, assets or any effects, real or personal, of such person, all sums of money remaining due which the person received by virtue of his office or employment, before any other of his debts are paid or satisfied, or before the money directed to be levied by such process is paid over to the party issuing such process, and all such assets, lands, goods, chattels, property, estates and effects shall be bound to the payment and discharged accordingly.