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Co-operative and Community Benefit Societies Act (Northern Ireland) 1969

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Changes over time for: Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 (Schedules only)

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Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 is up to date with all changes known to be in force on or before 05 December 2020. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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SCHEDULES

Sch. 1 Part II rep. by 1985 NI 12

Section 1.

SCHEDULE 1N.I.MATTERS TO BE PROVIDED FOR IN SOCIETY'S RULES

PART IN.I.INDUSTRIAL AND PROVIDENT SOCIETIESF1. . .

1N.I.The name of the society, which shall comply with the requirements of section 5.

2N.I.The objects of the society.

3N.I.The place which is to be the registered office of the society to which all communications and notices to the society may be addressed.

4N.I.The terms of admission of the members, including any society or company investing funds in the society under the provisions of this Act.

5N.I.The mode of holding meetings, the scale and right of voting, and the mode of making, altering or rescinding rules.

6N.I.The appointment and removal of a committee, by whatever name, and of managers or other officers and their respective functions and remuneration.

7N.I.Determination in accordance with section 6 of the maximum amount of the interest in the [F2withdrawable] shares of the society which may be held by any member otherwise than by virtue of section 6(1)(a) or (b).

8N.I.Determination whether the society may contract loans or receive moneys on deposit subject to the provisions of this Act from members or others; and, if so, under what conditions, under what security, and to what limits of amount.

9N.I.Determination whether the shares or any of them shall be transferable, and provision for the form of transfer and registration of the shares, and for the consent of the committee thereto; determination whether the shares or any of them shall be withdrawable, and provision for the mode of withdrawal and for payment of the balance due thereon on withdrawing from the society.

10N.I.Provision for the audit of accounts.

11N.I.Determination whether and, if so, how members may withdraw from the society, and provision for the claims of the representatives of deceased members, or the trustees of the property of bankrupt members, and for the payment of nominees.

12N.I.The mode of application of profits of the society.

[F313N.I.If the society is to have a common seal, provision for its custody and use.]

14N.I.Determination whether and, if so, by what authority, and in what manner, any part of the society's funds may be invested.

Section 7.

SCHEDULE 2N.I.FORM OF STATEMENT BY SOCIETY CARRYING ON BANKING

1N.I.Capital of the society on 1st January or 1st July last previous:—

(a)nominal amount of each share;

(b)number of shares issued;

(c)amount paid up on shares.

2N.I.Liabilities of the society on the same date:—

(a)on judgments;

(b)on speciality;

(c)on notes or bills;

(d)on simple contract;

(e)on estimated liabilities.

3N.I.Assets of the society on the same date:—

(a)government securities (stating them);

(b)bills of exchange and promissory notes;

(c)cash at the bankers;

(d)other securities.

Sections 33, 34.

SCHEDULE 3N.I.FORM OF RECEIPT ON MORTGAGE, ETC.

The     Limited hereby acknowledges to have received all moneys intended to be secured by the [within (or above) written] [annexed] deed [and by a further charge dated, etc., or otherwise as required].

Dated this   day of  

  •     Members of the Committee

  •     Secretary

Section 50.

SCHEDULE 4N.I.FORMS OF BOND FOR OFFICERS OF SOCIETY

FORM AN.I.

Know all men by these presents, that we, A.B., of   one of the officers of the   Limited, hereinafter referred to as “the society” , whose registered office is at   in the county of   , and C.D., of   (as surety on behalf of the said A.B.), are jointly and severally held and firmly bound to the said society in the sum of   , to be paid to the said society, or its certain attorney, for which payment well and truly to be made we jointly and severally bind ourselves, and each of us by himself, our and each of our heirs, executors, and administrators, firmly by these presents.[F4 Executed by us as a deed]. Dated the   day of  

Whereas the above-bounden A.B. has been duly appointed to the office of   of the   Limited, and he, together with the above-bounden C.D. as his surety, have entered into the above-written bond, subject to the condition hereinafter contained: Now therefore the condition of the above-written bond is such, that if the said A.B. do render a just and true account of all moneys received and paid by him on account of the society, at such times as the rules thereof appoint, and do pay over all the moneys remaining in his hands, and assign and transfer or deliver all property (including books and papers) belonging to the society in his hands or custody to such person or persons as the society or the committee thereof appoint, according to the rules of the society, together with the proper and legal receipts or vouchers for such payments, then the above-written bond shall be void, but otherwise shall remain in full force.

[F4Signed and delivered as a deed] in the presence of  

FORM BN.I.

Know all men by these presents that I  , of   , in the county of   , am firmly bound to   Limited, hereinafter referred to as “the society”, whose registered office is at   , in the county of   , in the sum of   pounds sterling to be paid to the said society or its assigns, for which payment to be truly made to the said society or its certain attorney or assigns I bind myself, my heirs, executors, and administrators, by these presents[F5 executed by me as a deed].

[And know further that I [we]   as surety [sureties] for the above-named principal obligor and such obligor are jointly and severally bound to the society in the sum aforesaid to be paid to the society or its assigns, for which payment to be truly made to the society or its certain attorney or assigns we firmly bind ourselves and each of us and each of our heirs, executors, and administrators by these presents[F5 executed by us as a deed].]

Dated the   day of   .

The condition of the above-contained bond is that if the said   faithfully execute the office of   to the society during such time as he continues to hold the same in virtue either of his present appointment, or of any renewal thereof if such office is of a renewable character [without wasting, embezzling, losing, misspending, misapplying, or unlawfully making away with any of the moneys, goods, chattels, wares, merchandise or effects whatsoever of the said society at any time committed to his charge, custody, or keeping by reason or means of his said office], and render a true and full account of all moneys received or paid by him on its behalf as and when he is required by the committee of the society for the time being, and pay over all the moneys remaining in his hands from time to time, and assign, transfer, and deliver up all securities, books, papers, property, and effects whatsoever of or belonging to the society in his charge, custody, or keeping, to such person or persons as the said committee may appoint, according to the rules or regulations of the society for the time being, together with the proper or legal receipts or vouchers for such payments; and in all other respects well and faithfully perform and fulfil the said office of   to the society according to the rules thereof, then the above-contained bond shall be void and of no effect; but otherwise shall remain in full force.

[F5Signed and delivered as a deed] by the above-named   .

[The words between brackets against which we have set our initials being first struck out*] in the presence of us

  •   and  

  • *If no words are struck out in the bond or condition, strike out these words and let the witnesses set their initials in the margin.

Section 103(1).

F6SCHEDULE 5N.I.TRANSITIONAL PROVISIONS

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

N.I.

Schedule 6—Repeals

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