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The Pamphlet Collection of Sir Robert Stout: Volume 45

Property of society, how vested

Property of society, how vested.

(3.) All property belonging to a society, whether acquired before or after the same is registered, shall vest in the trustees for the time being of the society, for the use and benefit of the society and the members thereof, and of all persons claiming through the members according to the rules of the society; and the property of any branch of a society shall vest in the trustees of such branch, or in the trustees of the society if the rules of the society so provide, for the use and benefit either of the members of such branch and persons claiming through such members, or of the society generally, and persons claiming through them, according to the rules of the society.