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The Pamphlet Collection of Sir Robert Stout: Volume 16

Shareholders Becoming Insane

Shareholders Becoming Insane.

63. In the event of any Shareholder (not having received an advance) becoming a lunatic, and proof of the same being furnished to the Directors, they shall instruct the Secretary to intimate to the legal guardians or representatives of such Shareholder that they are entitled to withdraw from the Society at the end of page 25 six months, upon the conditions stated in Rules 57, 58,' and 59, but under deduction of any fines that may have been incurred by him previous to the time when intimation of his affliction was furnished to the Directors. The Secretary shall at the same time request the representatives to intimate in writing, within four weeks, whether or not the Subscriptions are to be withdrawn. If no intimation be received, it shall be understood that they are not to be withdrawn; and then the representatives shall pay, or cause to be paid, all the Subscriptions as they fall due, subject to the same fines and penalties as specified in Rule 10.