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In force2015 Revised Edition
Contents

Part III · Duties and Privileges of Societies

15. Charge and set-off in respect of shares or interests of members

A registered society shall have a charge upon —

(a)

the shares or interest in the capital;

(b)

the deposits of a member or past member or deceased member; and

(c)

any dividend, bonus or profits payable to a member or past member or to the estate of a deceased member, in respect of any debt due to the society from such member or past member or estate and may set off any sum credited or payable to a member or estate of a deceased member in or towards payment of any such debt.

Report

Part IV

Part IV

Part iv a

Part V

Property and Funds of Registered Societies

Part VI

Audit, Inspection and Inquiry

Part VII

Part VIII

Surcharge and Attachment

Part IX

Disputes

Part X

Rules

Part XI

General