Members
84 Members
The members of a society are—
the persons who sign the application for membership on the formation of the society; and
the other persons who are admitted to membership under the society’s rules.
The members of a merged society are the persons who, on the day of the merger, are members of a society that is a party to the merger, and the other persons who are admitted to membership under the merged society’s rules.
The members of a society to which another society has transferred its engagements include the persons who, immediately before the transfer took effect, were members of the transferor society.
A person may exercise the rights of membership of a society only if the person has complied with the requirements for membership under the society’s rules, including, for example, the payment of an amount.
This Act’s bill:Explanatory memorandum
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