 In a permanent Society the total amount so received on deposit or loan, and not repaid by the Society, shall not at any time exceed twothirds of the amount for the time being secured to the Society by mortgages from its Members.  Times Law Reports - Page 13edited by - 1890Full view - About this book
 | Law - 1883 - 654 pages
...rules of a terminating building society the amount to be received on deposit or loan was limited to two-thirds of the amount for the time being secured to the society by mortgages from its members : Held, in an action against the directors under sec. 43 of Building Societies Act, 1874, that they... | |
 | Great Britain - 1874 - 752 pages
...so received on deposit or loan and not repaid by the society shall not at any time exceed two thirds of the amount for the time being' secured to the society by mortgages from its members : (3.) In a terminating society the total amount so received and not repaid may either be a sum not... | |
 | Arthur Scratchley, Edward William Brabrook - Savings and loan associations - 1875 - 290 pages
...purposes of the society : (2). In a permanent society the total amount so received on deposit or loan and not repaid by the society shall not at any time...secured to the society by mortgages from its members : (b) In this section, the restrictions on the amount of share and amount of monthly or other subscription... | |
 | John Indermaur, Charles Thwaites - Law - 1883 - 200 pages
...deposits or borrow money at interest. 2. In a permanent society the total amount borrowed must not exceed two-thirds of the amount for the time being secured to the society by mortgage from its members. 3. In a terminating society the total amount borrowed may be either a sum... | |
 | South Australia - Law - 1881 - 616 pages
...total amount received on deposit or loan and not repaid by any society, in the case of a permanent society, shall not at any time exceed two-thirds of...secured to the society by mortgages from its members, or in the case of a terminating society shall not exceed twelve months' income on the shares for the... | |
 | Law - 1882 - 458 pages
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 | Law - 1883 - 670 pages
...rules of a terminating building society the amount to be received on deposit or loan was limited to two-thirds of the amount for the time being secured to the society by mortgagee from its members : Held, in an action against the directors under sec. 43 of Building Societies... | |
 | Law reports, digests, etc - 1884 - 632 pages
...to a limit of the amount to be at any time duo in respect of such deposits or loans to " two thirds of the amount for the time being secured to the society by mortgages from its members." The 22nd rule regulated the law costs payable by borrowers on the security of freehold or leasehold property,... | |
 | John Mews - Law reports, digests, etc - 1884 - 1242 pages
...society the total amount so received on deposit or loan and not repaid may either be a sum not exceeding two-thirds of the amount for the time being secured to the society by mortgages from its members, or a sum not exceeding twelve months' subscriptions on the shares for the time being in force. By s.... | |
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