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The Pamphlet Collection of Sir Robert Stout: Volume 45

Provisions of present section to be contained in rules

Provisions of present section to be contained in rules.

(13.) All the provisions of the present section apply to societies existing at the commencement of this Act, and shall be contained in the rules of all future societies to which this section applies; and any act or omission which by virtue of this and any other section of this Act would be an offence on the part of a registered society or registered branch shall be an offence on the part of any other society or branch to which this Act applies, and of any officer of such society or branch bound to fulfil the duty, if any, whereof such offence is a breach.

The word "society" or "registered branch" in the present section shall, except in provisions one, eight, and nine, include all industrial assurance companies, but nothing in page 45 the present section contained shall apply to any assurance with any such company the premiums in respect of which are receivable at greater periodical intervals than two months.