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Dissolution of institutions and adjustment of affairs. 29. Any number not less than three fifths of the members of any institution may determine that it shall be dissolved, and thereupon it shall be dissolved forthwith, or at the time then agreed upon, and all necessary steps shall be taken for the disposal and settlement of the property of the institution, its claims and liabilities, according to the rules of the said institution applicable thereto, if any, and if not, then as the governing body shall find expedient: Provided, that in the event of any dispute arising among the said governing body, or the members of the institution, the adjustment of its affairs shall be referred to the judge of the county court of the district in which the principal building of the institute shall be situated, and he shall make such order or orders in the matter as he shall deem requisite, or, if he find it necessary, shall direct that proceedings shall be taken in the [High Court] for the adjustment of the affairs of the institution.
© 1854 Crown Copyright
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