Friendly Societies Amendment Act 1964

Public Act		1964 No 88
Date of assent		18 November 1964

	Title
1	Short Title
2	Increasing maximum interest of a member in loan fund
3	Increasing amount that may be nominated without probate
	Administrative information

An Act to amend the Friendly Societies Act 1909

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

This Act may be cited as the Friendly Societies Amendment Act 1964, and shall be read together with and deemed part of the Friendly Societies Act 1909 (hereinafter referred to as the principal Act).

2 Increasing maximum interest of a member in loan fund

(1)

Section 55 of the principal Act (as amended by section 3 of the Friendly Societies Amendment Act 1953) is hereby further amended by omitting from paragraph (b) of subsection (1) the words “seven hundred and fifty pounds”, wherever they occur, and substituting in each case the words “one thousand pounds”.

(2)

Section 3 of the Friendly Societies Amendment Act 1953 is hereby repealed.

3 Increasing amount that may be nominated without probate

(1)

Section 57 of the principal Act (as amended by section 5(1) of the Friendly Societies Amendment Act 1953 and by section 2 of the Friendly Societies Amendment Act 1959) is hereby further amended by omitting the words “two hundred pounds”, wherever they occur, and substituting in each case the words “five hundred pounds”.

(2)

The following enactments are hereby repealed, namely:

(a)

Subsection (1) of section 5 of the Friendly Societies Amendment Act 1953:

(b)

Section 2 of the Friendly Societies Amendment Act 1959.

This Act is administered in the Treasury.

Sort by

Friendly Societies Amendment Act 1964