Treatise on Benefit Building Societies and Life Assurance Societies: With Suggestions for the Formation of Local Enterprise Encouragement Companies

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C. & E. Layton, 1867 - Insurance, Life - 403 pages

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Page 1 - ... in case of her surviving her husband, the sum or net amount of the insurance becoming due and payable by the terms of the insurance, shall be payable to her, to and for her own use, free from the claims of the representatives of her husband, or of any of his creditors ; but such exemption shall not apply where the amount of premium annually paid shall exceed 300 dollars.
Page 41 - ... but no such alteration of name shall affect any rights or obligations of the company, or render defective any legal proceedings instituted, or to be instituted, by or against the company, and any legal proceedings may be continued or commenced against the company by its new name that might have been continued or commenced against the company by its former name.
Page 40 - ... to do one of the following things as the liquidators may prefer, that is to say, either to abstain from carrying such resolution into effect, or to purchase the interest held by such dissentient member at a price to be determined in manner hereinafter mentioned, such purchase money to be paid before the company is dissolved, and to be raised by the liquidators in such manner as may be determined by special resolution.
Page 22 - We, the several persons whose names and addresses are subscribed, are desirous of being formed into a company, in pursuance of this memorandum of association.
Page 74 - There is a known distinction between circumstances which are of the essence of a thing required to be done by an act of Parliament and clauses merely directory.
Page 53 - I do hereby declare that the above written particulars are correct and true throughout, and I do hereby agree that this proposal and declaration shall be the basis of the contract...
Page 40 - Company being wound up may, in lieu of receiving Cash, Shares, Policies, or other like Interests, or in addition thereto, participate in the Profits of or receive any other Benefit from the purchasing Company...
Page 12 - Any inspector may examine upon oath the officers and agents of the company in relation to its business, and may administer such oath accordingly...
Page 1 - It shall be lawful for any married woman, by herself, and in her name, or in the name of any third person, with his assent, as her trustee, to cause to be insured, for her sole use, the life of her husband...
Page 53 - That the capital stock of 100,0002. sterling and other the stocks, securities, funds and property of the said society remaining, at the time of any claim or demand made, unapplied and undisposed of, and inapplicable to prior claims and demands in pursuance of the provisions of the...

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