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The Pamphlet Collection of Sir Robert Stout: Volume 45

Priority on death, bankruptcy, &c., of officer

Priority on death, bankruptcy, &c., of officer.

(8.) Upon the death, or bankruptcy, or insolvency of any officer of a society or registered branch having in his possession by virtue of his office any money or property belonging to the society or registered branch, or if any page 21 execution, attachment, or other process he issued, or action raised against such officer or against his property, his heirs, executors or administrators, or trustee in bankruptcy or insolvency, or the Sheriff or other person executing such process, or the party using such action shall, upon demand in writing of' the trustees of the society or of the registered branch, or any two of them, or any person authorised by the society or registered branch or by the committee of management of the same to make such demand, pay such money and deliver over such property to the trustees of the society or registered branch in preference to any other debts or claims against the estate of such officer.