Members have individual rights set out in the rule.\u00a0 They may not be changed by amendment.\u00a0 They include rights to demand a copy of the rule, rights to inspect one’s accounts, rights to inspect the books of account, rights to see the annual return, rights to have certain disputes returns determined under the rule by the nominated persons, who takes the share after death.<\/p>\n
Other rights belong to the members collectively. The members collectively may apply to appoint an accountant to examine the society’s books.\u00a0 They may apply to the chief registrar to appoint an inspector to enquire into the company society’s affairs.\u00a0 They may require him to call a special meeting of the society.\u00a0 Collectively they may execute or administer, dissolve or \u00a0wind up the society.<\/p>\n
A member is only liable for the liabilities of the society to the extent that there are monies unpaid on his shares \u00a0while a member or within one year. His liability to subscribe shares or capitals cannot be increased by amendment of the rules.<\/p>\n
A registered society must keep a register of members with their names and addresses, statements of shares held, amounts paid or agreed to be paid in consideration, a statement of other property in the society, \u00a0loans, deposits held by each member date of entry as a member, date of cessation.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Formation The principal legislation for industrial and provident societies is the Industrial and Provident Societies Act 1893.\u00a0 The entities are corporate bodies with a separate legal identity.\u00a0 They have a separate legal liability from their members, which is accordingly limited. Industrial and provident societies are registered by the registrar of friendly societies.\u00a0 The society can […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[373],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/27552"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=27552"}],"version-history":[{"count":6,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/27552\/revisions"}],"predecessor-version":[{"id":30540,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/27552\/revisions\/30540"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=27552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=27552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=27552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}