Western Australian Consolidated Acts

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CO-OPERATIVE AND PROVIDENT SOCIETIES ACT 1903 - SECT 48

48 .         Contents of instrument of dissolution

                When a society is terminated by an instrument of dissolution — 

        (1)         The instrument of dissolution shall set forth — 

            (a)         the liabilities and assets of the society in detail;

            (b)         the number of members and the nature of their interests in the society respectively;

            (c)         the claims of creditors (if any) and the provision to be made for their payment;

            (d)         the intended appropriation or division of the funds and property of the society, unless the same be stated in the instrument of dissolution, to be left to the award of the Registrar.

        (2)         Alterations in the instrument of dissolution may be made with the like consents as hereinbefore provided, testified in the same manner.

        (3)         A statutory declaration shall be made by 3 members and the secretary of the society that the provisions of this Act have been complied with, and shall be sent to the Registrar with the instrument of dissolution.

        (4)         The instrument of dissolution, and all alterations therein, shall be registered in manner herein provided for the registry of rules, and shall be binding upon all members of the society.

        (5)         The Registrar shall cause a notice of dissolution to be advertised, at the expense of the society, in the Government Gazette and in some newspaper circulating in the locality in which the registered office of the society is situated; and unless, within 3 months from the date of the Government Gazette in which such advertisement appears, a member or other person interested in or having any claim on the funds of the society commences proceedings to set aside the dissolution of the society, and such dissolution is set aside accordingly, the society shall be legally dissolved from the date of such advertisement, and the requisite consents to the instrument of dissolution shall be considered to have been duly obtained without proof of the signatures thereto.

        (6)         Notice shall be sent to the Registrar of any proceeding to set aside the dissolution of a society not less than 7 days before it is commenced by the person taking such proceeding, and of any order setting a dissolution aside by the society 7 days after such order is made.

        [Section 48 amended by No. 70 of 2004 s. 82.]

Offences, penalties, and legal proceedings



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