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Northern Irish Legislation

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TRADE UNION ACT AMENDMENT ACT 1876 - SECT 4

Provision in case of absence, &c., of trustee.

4. When any person, being or having been a trustee of a trade union or of any
branch of a trade union, and whether appointed before or after the legal
establishment thereof, in whose name any stock belonging to such union or
branch transferable at the Bank of England or Bank of Ireland is standing,
either jointly with another or others, or solely, is absent from Great Britain
or Ireland respectively, or becomes bankrupt, or files any petition, or
executes any deed for liquidation of his affairs by assignment or arrangement,
or for composition with his creditors, or becomes a lunatic, or is dead, or
has been removed from his office of trustee, or if it be unknown whether such
person is living or dead, the registrar, on application in writing from the
secretary and three members of the union or branch, and on proof satisfactory
to him, may direct the transfer of the stock into the names of any other
persons as trustees for the union or branch; and such transfer shall be made
by the surviving or continuing trustees, and if there be no such trustee, or
if such trustees refuse or be unable to make such transfer, and the registrar
so direct, then by the Accountant-General or Deputy or Assistant
Accountant-General of the Bank of England or Bank of Ireland, as the case may
be; and the Bank of England and Bank of Ireland respectively are hereby
indemnified for anything done by them or any of their officers in pursuance of
this provision against any claim or demand of any person injuriously affected
thereby.


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© 1876 Crown Copyright

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