S. 3(1) def. of Commission inserted by No. 48/1992 s. 94(1), repealed by No. 37/1999 s. 58(Sch. 2 Pt 1 item 1(a)). * * * * * S. 3(1) def. of co-operative housing society amended by No. 8786 s. 2(a). co-operative housing society means a society of persons— (a) which is formed for all or any of the objects referred to in section five of this Act; s. 3 (b) which has under its rules a share capital divided into equal shares of one or more classes and not being preferential shares; and (c) which under its rules is to terminate on a specified date or when a specified object is attained or a specified event occurs— but does not include a Starr-Bowkett society, that is to say, a society in which the order of advances to members is determined either solely or partly by the drawing of lots; S. 3(1) def. of Council inserted by No. 36/1990 s. 12, repealed by No. 48/1992 s. 104(a). * * * * *
subscriptions or in such manner as is specified in the rules. (5) No member shall hold more than such proportion of the shares in a society as is prescribed by the rules. (6) A member shall subscribe for such minimum number of shares as is prescribed by the rules. (7) A share may be held by two or more persons jointly and, in such case, notices for the purposes of the society may be given to the joint holder whose name appears first on the register of shares in respect of the share. (8) A share may not be sold or transferred without the consent of the board. No. 6138 s. 26. 26 Liability of members s. 26 (1) A member shall be liable to the society for the amount, if any, unpaid on the shares held by him, together with any charges and other moneys payable by him to the society as prescribed by this Act or the rules of the society. S. 26(2) substituted by No. 6461 s. 2 (as amended by No. 6489 s. 4(Sch. item 19)) amended by No. 27/2001 s. 8(Sch. 6 item 1.3). (2) Where, under or in relation to any contract or policy of life insurance or similar contract in a form approved by the registrar after consideration of a report thereon from the Government Statist, or by virtue of any legal or equitable assignment of or trust created in respect of any such contract or policy, or pursuant to any scheme relating to life insurance approved by the registrar after consideration of such a report, provision is made whereby, in the event of the death of a member of a society to whom the contract policy or scheme applies or in the event of the death of a member's spouse or domestic partner to whom the contract policy or scheme applies, moneys will be available for or towards the discharge of the
43 No voting by proxy The rules of a society shall not allow of voting by proxy. No. 6138 s. 44. 44 Special resolution (1) For the purposes of this Act special resolution means a resolution which is passed by a majority of not less than three-quarters of such members of the society entitled under the rules to vote as may be present in person at any general meeting of which notice specifying the intention to propose the resolution has been duly given according to the rules. (2) At any such general meeting, unless a poll is demanded, a declaration by the chairman that the resolution has been carried shall be conclusive evidence of the fact. S. 44(3) amended by No. 7097 s. 5(a). (3) A copy of the special resolution, signed by the chairman of the meeting and countersigned by the secretary, shall be sent to the registrar within one month after the passing of the special resolution, or within such further time as the registrar in any particular case allows and shall be registered by him and until the copy is so registered the special resolution shall not take effect: S. 44(3) Proviso repealed by No. 7097 s. 5(b). * * * * * S. 44(3) Further Proviso amended by No. 7097 s. 5(c). Provided that a special resolution for the expulsion of any member from a society shall not be registered unless the registrar is satisfied that in all the circumstances of the case the expulsion is reasonable and that the proceedings in respect of the expulsion have been properly and fairly conducted.
S. 44C(5) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7). (5) An officer or auditor appointed under this section holds office for such term as the Registrar directs. Penalty applying to this section: 100 penalty units and a daily penalty of not more than 10 penalty units for each day during which the default continues or imprisonment for one year, or both. Pt 2 Div. 7 (Heading and s. 44D) inserted by No. 48/1992 s. 98. Division 7—Supervision levy S. 44CA inserted by No. 37/1999 s. 58(Sch. 2 Pt 1 item 8). 44CA Industry Supervision Fund s. 44CA The Registrar must pay all amounts received as supervision levy under section 44D into the Industry Supervision Fund established under the Financial Sector Reform () Act 1999. S. 44D inserted by No. 48/1992 s. 98. 44D Supervision levy S. 44D(1) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7). (1) The Registrar may determine that an amount is to be paid to it by societies as a supervision levy. S. 44D(2) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7). (2) The amount of the levy may be fixed by the Registrar as— (a) a specified amount;
Assent Date: 18.11.58 Commencement Date: 18.11.58 : All of Act in operation Companies Act 1958, No. 6455/1958 Assent Date: 2.12.58 Commencement Date: 1.4.59: Government Gazette 4.3.59 p. 496 : All of Act in operation Co-operative Housing Societies (Residential Flats) Act 1958, No. 6457/1958 (as amended by No. 6489/1959) Assent Date: 2.12.58 Commencement Date: 2.12.58 : All of Act in operation Co-operative Housing Societies (Insurance) Act 1958, No. 6461/1958 (as amended by No. 6489/1959) Assent Date: 9.12.58 Commencement Date: 9.12.58 : All of Act in operation Statute Law Revision Act 1959, No. 6505/1959 Assent Date: 5.5.59 Commencement Date: 1.4.59: s. 1(2) : All of Act in operation Co-operative Housing Societies (Amendment) Act 1960, No. 6618/1960 Assent Date: 1.6.60 Commencement Date: 1.6.60 : All of Act in operation Co-operative Housing Societies (Guarantees) Act 1960, No. 6687/1960 Assent Date: 6.12.60 Commencement Date: 6.12.60 : All of Act in operation Co-operative Housing Societies (Amendment) Act 1961, No. 6821/1961 Assent Date: 12.12.61 Commencement Date: 12.12.61 : All of Act in operation Companies Act 1961, No. 6839/1961 Assent Date: 19.12.61 Commencement Date: 1.7.62: Government Gazette 21.2.62 p. 392 : All of Act in operation Subordinate Legislation Act 1962, No. 6886/1962 Assent Date: 8.5.62 Commencement Date: 1.8.62: Government Gazette 4.7.62 p. 2314 : All of Act in operation Co-operative Housing Societies Act 1962, No. 6909/1962
Assent Date: 7.11.62 Commencement Date: 7.11.62 : All of Act in operation Housing Advances and Loans (Improper Commissions) Act 1962, No. 6928/1962 Assent Date: 20.11.62 Commencement Date: 20.11.62 : All of Act in operation Endnotes Co-operative Housing Societies (Guarantees) Act 1963, No. 7030/1963 Assent Date: 22.10.63 Commencement Date: 22.10.63 : All of Act in operation Co-operative Housing Societies (Amendment) Act 1963, No. 7097/1963 (as amended by No. 7142/1964) Assent Date: 10.12.63 Commencement Date: 1.4.64: Government Gazette 26.3.64 p. 707 : All of Act in operation Housing Advances and Loans (Improper Commissions) Act 1964, No. 7125/1964 Assent Date: 5.5.64 Commencement Date: 5.5.64 : All of Act in operation Co-operative Housing Societies (Indemnities) Act 1964, No. 7225/1964 Assent Date: 15.12.64 Commencement Date: 15.12.64 : All of Act in operation Statute Law Revision Act 1965, No. 7332/1965 Assent Date: 14.12.65 Commencement Date: 14.12.65: subject to s. 3 : All of Act in operation Co-operative Housing Societies (Amendment) Act 1966, No. 7388/1966 Assent Date: 10.5.66 Commencement Date: 1.7.66: Government Gazette 29.6.66 p. 2270 : All of Act in operation Co-operative Housing Societies (Financial) Act 1966, No. 7464/1966 Assent Date: 29.11.66 Commencement Date: 29.11.66 : All of Act in operation Co-operative Housing Societies (Indemnities) Act 1967, No. 7521/1967 Assent Date: 15.3.67 Commencement Date: 15.3.67 : All of Act in operation Strata Titles Act 1967, No. 7551/1967
Assent Date: 17.3.67 Commencement Date: S. 47 on 1.7.67: Government Gazette 24.5.67 p. 1754 : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Co-operative Housing Societies (Amendment) Act 1967, No. 7575/1967 Assent Date: 8.11.67 Commencement Date: 8.11.67 : All of Act in operation Co-operative Housing Societies (Amendment) Act 1970, No. 7983/1970 Assent Date: 13.10.70 Commencement Date: 13.10.70 : All of Act in operation Endnotes Co-operative Housing Societies (Indemnities) Act 1971, No. 8160/1971 Assent Date: 26.10.71 Commencement Date: 26.10.71 : All of Act in operation Statute Law Revision Act 1971, No. 8181/1971 Assent Date: 23.11.71 Commencement Date: 23.11.71: subject to s. 2(2) : All of Act in operation Housing (Amendment) Act 1971, No. 8206/1971 Assent Date: 14.12.71 Commencement Date: 14.12.71 : All of Act in operation Co-operative Housing Societies Act 1972, No. 8298/1972 Assent Date: 3.10.72 Commencement Date: 3.10.72 : All of Act in operation Housing Ministry Act 1972, No. 8339/1972 Assent Date: 5.12.72 Commencement Date: 2.4.73: Government Gazette 28.3.73 p. 652 : All of Act in operation Valuation of Land (Valuers) Act 1973, No. 8405/1973 Assent Date: 17.4.73 Commencement Date: 1.7.73: Government Gazette 13.6.73 p. 1966 : All of Act in operation Co-operative Housing Societies (Amendment) Act 1973, No. 8462/1973 Assent Date: 7.11.73 Commencement Date: 7.11.73 : All of Act in operation Co-operative Housing Societies (Amendment) Act 1974, No. 8543/1974
Statute Law Revision Act 2000, No. 74/2000 Assent Date: 21.11.00 Commencement Date: S. 3(Sch. 1 item 27) on 22.11.00: s. 2(1) : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Statute Law Amendment (Authorised Deposit-taking Institutions) Act 2001, No. 11/2001 Assent Date: 8.5.01 Commencement Date: S. 3(Sch. item 15) on 1.6.01: s. 2(2) : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Endnotes Statute Law Amendment (Relationships) Act 2001, No. 27/2001 Assent Date: 12.6.01 Commencement Date: S. 8(Sch. 6 item 1) on 28.6.01: Government Gazette 28.6.01 p. 1428 : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Corporations (Consequential Amendments) Act 2001, No. 44/2001 Assent Date: 27.6.01 Commencement Date: S. 3(Sch. item 19) on 15.7.01: s. 2 : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Fair Trading (Amendment) Act 2003, No. 30/2003 Assent Date: 27.5.03 Commencement Date: S. 83 on 28.5.03: s. 2(1) : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Public Administration Act 2004, No. 108/2004 Assent Date: 21.12.04 Commencement Date: S. 117(1)(Sch. 3 item 42) on 5.4.05: Government Gazette 31.3.05 p. 602 : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958 Legal Profession (Consequential Amendments) Act 2005, No. 18/2005 Assent Date: 24.5.05 Commencement Date: S. 18(Sch. 1 item 18) on 12.12.05: Government Gazette 1.12.05 p. 2781 : This information relates only to the provision/s amending the Co-operative Housing Societies Act 1958