The Pamphlet Collection of Sir Robert Stout: Volume 7
XXI.—Depreciation of Property
XXI.—Depreciation of Property.
1. It shall be lawful for the Board of Directors, at any timewithout notice, when in the opinion of the Board, the property given as security by any member has been injured by him or is suffering depreciation through mismanagement, or from any cause whatever, to enter upon and take immediate possession for the use of the Society.
Board empowered to take possession of property in case of injury.