5. Section 48 of the principal enactment is hereby amended as follows : -
| (1) by the renumbering of subsection (2) of that section as subsection (3) of that section ; and |
|
| (2) by the insertion, immediately after subsection (1) of that section, of the following new subsection : -
| | " (2) Where there is any debt payable by any member or past member to a society whose registration is cancelled under section 44 or section 45, and such person is a member of any other society registered under this Ordinance after the date of such cancellation, then the liquidator of such first-mentioned society appointed under section 47 shall, subject to the guidance and control of the Registrar and to any other limitations imposed by the Registrar by order under section 49, have power to require that such other society shall recover, from any sum of money due from such society to such person, a sum not exceeding such debt in like manner as if it was a debt due from such member to such other society and transmit the same to the liquidator.". | | |
|
|
|
Sri Lanka Consolidated Acts