s.30Dissolution of society
30
Section 30Part 0

Dissolution of society

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No society, by any rule at any general meeting, or otherwise, may dissolve or determine such society so long as any of the interests and purposes declared by such society, remain to be carried into effect, without obtaining the votes of consent of five-sixths in value of the then existing members of such society to be ascertained in manner hereinafter mentioned, and also the consent of all persons then receiving or entitled to receive relief from such society, either on account of sickness, age or infirmity, to be testified under their hands, individually or respectively; and for the purposes of ascertaining the votes of such five-sixths in value, every member shall be entitled to one vote, and an additional vote for every five years that he has been a member:
Provided that no one member shall have more than five votes; and in all cases of dissolution, the intended appropriation or division of the funds or other property of such society shall be fairly and distinctly stated in the proposed plan of dissolution prior to such consent being given; nor shall it be lawful for such society, by any rule, to direct the division or distribution of such stock or fund, or any part thereof, to or amongst the members of such society, other than for carrying into effect the general intents and purposes of such society declared by them, but all such rules for the dissolution or determination of the society without such consent, or for the distribution or division of the property, stock, or funds of such society, contrary to the rules which have been certified and filed in pursuance of this Law, is void; and in the event of such division of the property, or misappropriation of the funds of such society, without the required consent, the trustee or other officer or person aiding or abetting therein, is liable to the like penalties as are hereinbefore provided for in cases of fraud.