Industrial and Building Societies Act 1953

Link to law: https://legislation.gov.im/cms/images/LEGISLATION/PRINCIPAL/1953/1953-0003/IndustrialandBuildingSocietiesAct1953_1.pdf
Published: 2012-09-01

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Industrial and Building Societies Act 1953

c i e
AT 3 of 1953

INDUSTRIAL AND BUILDING SOCIETIES

ACT 1953

Industrial and Building Societies Act 1953 Index


c AT 3 of 1953 Page 3

c i e
INDUSTRIAL AND BUILDING SOCIETIES ACT 1953

Index Section Page

1 Interpretation ................................................................................................................... 5
2 to 4 [Superseded] ...................................................................................................................... 5
5 Lien on Shares ................................................................................................................. 5
6 [Repealed] ........................................................................................................................ 5
7 Short title .......................................................................................................................... 5
8 Commencement .............................................................................................................. 5
ENDNOTES 7

TABLE OF LEGISLATION HISTORY 7
TABLE OF RENUMBERED PROVISIONS 7
TABLE OF ENDNOTE REFERENCES 7

Industrial and Building Societies Act 1953 Section 1


c AT 3 of 1953 Page 5

c i e
INDUSTRIAL AND BUILDING SOCIETIES ACT 1953

Received Royal Assent: 28 May 1953
Passed: 6 July 1953
Commenced: 6 July 1953
AN ACT
to raise the limit on the interest in the shares of a society registered
under the Industrial and Building Societies Act, 1892, and nominated sums.
1 Interpretation

In this Act the expression “principal Act”
means the Industrial and Building
Societies Act, 1892.
2 to 4 [Superseded]
1

5 Lien on Shares

A Registered Society shall have a lien on the shares of any member for any debt
due to it by him, and may set off any sum credited to the member thereon in or
towards the payment of such debt.
6 [Repealed]
2

7 Short title

This Act may be cited as the Industrial and Building Societies Act, 1953, and
shall be construed as one with the Industrial and Building Societies Acts, 1892 to
1948, and those Acts and this Act may be together cited as the Industrial and
Building Societies Acts, 1892 to 1953.
8 Commencement

This Act shall come into operation when the Royal Assent thereto has been by
the Governor announced to Tynwald and a Certificate thereof has been signed
by the Governor and the Speaker of the House of Keys.
Industrial and Building Societies Act 1953 Endnotes


c AT 3 of 1953 Page 7

ENDNOTES

Table of Legislation History

Legislation Year and No Commencement






Table of Renumbered Provisions

Original Current






Table of Endnote References

1
Superseded. 2
S 6 repealed with savings by Industrial and Building Societies Act 1963 s 5.