The Pamphlet Collection of Sir Robert Stout: Volume 88
XX.—Depreciation or Property
XX.—Depreciation or Property.
It shall be lawful for the Board of Directors at any time without 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.