Section 22Part 4 — Financial
Officers to render accounts
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22. (1) Every treasurer or other officer of a registered trade union, at such time as by the rules of such trade union he should render an account, or upon being required so to do, shall render to the trustees of the trade union, or to the members of such trade union, at a meeting of the trade union, a just and true account —
of all moneys received and paid by him since he last rendered the like account;
of the balance then remaining in his hands; and
of all bonds or securities of such trade union, which account such trustees may cause to be audited by some fit and proper person or persons by them to be appointed.
Such treasurer, if thereunto required, upon such account being audited, shall forthwith hand over to the trustees the balance which, on such audit, appears to be due from him, and shall also, if required, hand over to such trustees all securities and effects, books, papers and property of the trade union in his hands or custody, and if he fails to do so, the trustees of the trade union may sue such treasurer in any competent Court for the balance appearing to have been due from him upon the account last rendered by him, and for all the moneys since received by him on account of the trade union, and for the securities and effects, books, papers and property in his hands or custody, leaving him to set off in such action the sums, if any, which he may have since paid on account of the trade union. In any such action the trustees shall be entitled to recover their full costs of suit to be taxed as between solicitor and client.