Lawgist6Provision for dissolution of societies and adjustment of their affairs
Any number not less than three-fifths of the members of any such body as aforesaid may at a meeting convened for the purpose determine that such body shall be dissolved; and thereupon it shall be dissolved forthwith, or at the time then agreed upon; and all necessary steps shall be taken for the disposal and settlement of the property of such body, its claims and liabilities, according to the rules of such body applicable thereto, if any, and, if not, then as such body at such meeting may determine:
Provided that, in the event of any dispute arising among the members of such body, the adjustment of its affairs shall be referred to the principal Court of original civil jurisdiction of the district in which the chief building of such body is situate; and the Court shall make such order in the matter as it deems fit.
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- 1 Short title
- 2 Appointment of new trustee in cases not otherwise provided for
- 3 Appointment under section 2 to be recorded in a memorandum under the hand of the chairman of the meeting
- 4 Property to vest in new trustees without conveyance
- 5 Saving of existing modes of appointment and conveyance
- 6 Provision for dissolution of societies and adjustment of their affairs
- 7 Upon a dissolution no member to receive profit
- 8 Saving of certain provisions of instruments
- 9 Questions may be submitted to High Court
