Rule
ROLE 61.
[APPLICABLE TO MARKETING SOCIETIES.]
51
Marketing.
Temporary abaence of secretary.
52
Bad debts,
53
54
50
58
Preparation of annual accounts und report,
Transfer of shares.
Sales of shares of members in default.
Secretary,
57
Payment of secretary.
59
Security by secretory.
59
Suspension of secretary.
60
G1
Duties of secretary.
62
Treasurer.
63
Security by treasurer.
64
Duties of treasurer.
65
Unfit officers.
66
Reserve fund.
67
Audit of accounts.
68
Audit and supervision of fund.
69
By-laws.
70
Amendment of by-lawa.
71
Copies of entries.
70
73
Reference to arbitration by the Registrar.
74
11
75
Proceedings before the arbitrator or arbitrators. Proceedings before the Registrar.
76
Fees.
Reference of a dispute to the Registrar for decision.
tv
HONG KONG
No. 43 or 1947.
Минском
I assent,
Governor.
17th October, 1947.
An Ordinance to provide for the formation and to regulate
the operation of co-operative societies,
[17th October, 1947.]
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-
PART I.
PRELIMINARY.
1. This Ordinance may be cited as the Co-operative bort title. Societies Ordinance, 1947.
2. In this Ordinance unless the context otherwise Interpreta requires--
"bonus" means a share of the profits of a registered society divided among its members in proportion to the volume of business done with the society by them from which the profits of the society were derived;
"by-laws" means the registered by-lawa made by a society in the exercise of any power conferred by this Ordinance, and includes a registered amendment of the by-laws;
"committee" means the governing body of a regis- tered society to whom the management of its affairs is entrusted;
"'dividend" means a share of the profits of a regis- tered society divided among its members in proportion to the share capital held by them;
*'member" includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws;
"officer" includes a chairman, secretary, treasurer, member of committee, or other person empowered under the rules or by-laws to give directions in regard to the business of a registered society;
"registered society" means a co-operative society registered under this Ordinance;
tion.