Western Australian Repealed Regulations

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This legislation has been repealed.

TERMINATING BUILDING SOCIETIES MODEL RULES


TABLE OF PROVISIONS

   1.      Interpretation
            
   2.      The Society
            
   3.      Objects
            
   4.      Financial provisions
            
   5.      Seal
            
   6.      Books
            
   7.      Application for membership
            
   8.      Board may accept or reject application
            
   9.      Shares
            
   10.     Member to pay subscriptions
            
   11.     Trustee shareholders
            
   12.     Change of address
            
   14.     Ceasing membership
            
   15.     Withdrawal from society
            
   16.     Withdrawal of advanced share
            
   17.     Capital
            
   18.     Ordinary shares
            
   19.     Members’ shareholdings
            
   20.     Shares not public
            
   21.     Board’s functions upon formation
            
   22.     Subscriptions
            
   23.     Subscription areas
            
   24.     Shares not to be transferred without consent
            
   25.     Transfer
            
   26.     Form of transfer instrument
            
   27.     Transfer of fee
            
   28.     On the death of a member
            
   29.     On the death of joint shareholders
            
   30.     Shares transferred through bankruptcy, death, etc.
            
   31.     Forfeit of shares
            
   32.     Application of Society’s funds
            
   33.     Directors to determine advances
            
   34.     Subscription, etc. to be paid before advance received
            
   35.     Amount of advance
            
   36.     Terms and conditions of advance
            
   37.     Rate of repayment
            
   38.     Failure to make repayments
            
   39.     Security
            
   40.     Details of security
            
   41.     Mortgage as security
            
   42.     Rules to override terms of mortgage
            
   43.     Plans and specifications for building
            
   44.     Valuation of security
            
   45.     Survey of security property
            
   46.     Insurance of mortgaged premises
            
   47.     Society’s solicitors
            
   48.     Costs of mortgage varied or discharged
            
   49.     Power to sell mortgaged property
            
   50.     Power to exchange security
            
   51.     Annual general meeting
            
   52.     Special business
            
   53.     Special general meeting
            
   54.     Costs where meeting convened by requisitionists
            
   55.     Notice of meetings
            
   56.     Notice of business
            
   57.     Quorum
            
   58.     Chairman
            
   59.     Adjournment
            
   60.     Vote on a resolution -- show of hands
            
   61.     Poll
            
   62.     Voting entitlements
            
   63.     The Board
            
   64.     Directors
            
   65.     Retirement of directors
            
   66.     Election of directors
            
   67.     Vacancies
            
   68.     Extraordinary vacancy
            
   69.     Removal of a director
            
   70.     Board meetings
            
   71.     Board quorum
            
   72.     Board chairman
            
   73.     Delegation of Board to committee
            
   74.     Election of committee chairman
            
   75.     Committee proceedings
            
   76.     Powers of Board
            
   77.     Director as agent of Society
            
   78.     Directors’ remuneration
            
   79.     Board minutes
            
   80.     Board to make books, etc. available
            
   81.     Annual return
            
   82.     Appointment and removal of officers
            
   83.     Audit
            
   84.     Auditor
            
   85.     Remuneration of auditors
            
   86.     Auditors to have access to books, etc.
            
   87.     Audit after end of financial year
            
   88.     Disputes
            
   89.     Security Bond
            
   90.     Banking accounts
            
   91.     Management expenses
            
   92.     Changes in respect of debt due
            
   93.     Alteration of Rules
            
   94.     Transfer of member’s interest on death
            
   95.     Certificate required for transfer of payment
            
   96.     Transfer does not confer all membership rights
            
   97.     Service of notices
            
   98.     Notice of general meeting
            
   99.     Winding up
            
   100.    Members to make up deficit on winding up
            
   101.    Members to share in surplus on winding up
           Form A
            
   1.      Interpretation
            
   2.      The Society
            
   3.      Objects
            
   4.      Financial provisions
            
   5.      Seal
            
   6.      Books
            
   7.      Application for membership
            
   8.      Board may accept or reject application
            
   9.      Shares
            
   10.     Member to pay subscriptions
            
   11.     Trustee shareholders
            
   12.     Change of address
            
   14.     Ceasing membership
            
   15.     Withdrawal from society
            
   16.     Withdrawal of advanced share
            
   17.     Capital
            
   18.     Ordinary shares
            
   19.     Members’ shareholdings
            
   20.     Shares not public
            
   21.     Board’s functions upon formation
            
   22.     Subscriptions
            
   23.     Subscription areas
            
   24.     Shares not to be transferred without consent
            
   25.     Transfer
            
   26.     Form of transfer instrument
            
   27.     Transfer of fee
            
   28.     On the death of a member
            
   29.     On the death of joint shareholders
            
   30.     Shares transferred through bankruptcy, death, etc.
            
   31.     Forfeit of shares
            
   32.     Application of Society’s funds
            
   33.     Directors to determine advances
            
   34.     Subscription, etc. to be paid before advance received
            
   35.     Amount of advance
            
   36.     Terms and conditions of advance
            
   37.     Rate of repayment
            
   38.     Failure to make repayments
            
   39.     Security
            
   40.     Details of security
            
   41.     Mortgage as security
            
   42.     Rules to override terms of mortgage
            
   43.     Plans and specifications for building
            
   44.     Valuation of security
            
   45.     Survey of security property
            
   46.     Insurance of mortgaged premises
            
   47.     Society’s solicitors
            
   48.     Costs of mortgage varied or discharged
            
   49.     Power to sell mortgaged property
            
   50.     Power to exchange security
            
   51.     Annual general meeting
            
   52.     Special business
            
   53.     Special general meeting
            
   54.     Costs where meeting convened by requisitionists
            
   55.     Notice of meetings
            
   56.     Notice of business
            
   57.     Quorum
            
   58.     Chairman
            
   59.     Adjournment
            
   60.     Vote on a resolution -- show of hands
            
   61.     Poll
            
   62.     Voting entitlements
            
   63.     The Board
            
   64.     Directors
            
   65.     Retirement of directors
            
   66.     Election of directors
            
   67.     Vacancies
            
   68.     Extraordinary vacancy
            
   69.     Removal of a director
            
   70.     Board meetings
            
   71.     Board quorum
            
   72.     Board chairman
            
   73.     Delegation of Board to committee
            
   74.     Election of committee chairman
            
   75.     Committee proceedings
            
   76.     Powers of Board
            
   77.     Director as agent of Society
            
   78.     Directors’ remuneration
            
   79.     Board minutes
            
   80.     Board to make books, etc. available
            
   81.     Annual return
            
   82.     Appointment and removal of officers
            
   83.     Audit
            
   84.     Auditor
            
   85.     Remuneration of auditors
            
   86.     Auditors to have access to books, etc.
            
   87.     Audit after end of financial year
            
   88.     Disputes
            
   89.     Security Bond
            
   90.     Banking accounts
            
   91.     Management expenses
            
   92.     Changes in respect of debt due
            
   93.     Alteration of Rules
            
   94.     Transfer of member’s interest on death
            
   95.     Certificate required for transfer of payment
            
   96.     Transfer does not confer all membership rights
            
   97.     Service of notices
            
   98.     Notice of general meeting
            
   99.     Winding up
            
   100.    Members to make up deficit on winding up
            
   101.    Members to share in surplus on winding up
           Form A
           Compilation table


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