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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 50

Priority on death, bankruptcy, etc., of officer.

50.(1) This section applies in the following cases, that is to say,

(a)on the death or bankruptcy of any officer of a registered society or branch
who has in his possession, by virtue of his office, any money or property
belonging to the society or branch; and

(b)if any execution, attachment, or other process is issued, or action raised
against any such officer or against his property.

(2) Where this section applies then, upon demand in writing of the trustees of
the society or branch, or of any two of them, or of any person authorised by
the society or branch or by the committee thereof to make the demand, the
executors or administrators or trustees or assignees in bankruptcy or the
other person executing the process shall pay the money and deliver over the
property to the trustees of the society or branch in preference to any other
debt or claim against the estate of the officer.

(3) In this section the expression "bankruptcy" includes a petition for
arrangement with creditors.

Membership of persons under age of eighteen.

© 1970 Crown Copyright

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