sec.178Effect of transfer of engagements on societies

sec.178 Effect of transfer of engagements on societies

This section applies on a transfer of engagements taking effect. The transferee society is the successor of the transferor society. Without limiting subsection (2) — the members of the transferor society become members of the transferee society; and all assets and liabilities of the transferor society become assets and liabilities of the transferee society without any conveyance, transfer or assignment; and in all documents (including, for example, a contract to which the transferor society was a party), a reference to the transferor society is a reference to the transferee society; and a legal proceeding by or against the transferor society that is not finished when the transfer of engagements takes effect may be continued and finished by or against the transferee society; and the duties, obligations, immunities, rights and privileges applying to the transferor society apply to the transferee society. s 178 (4) AIA s 20A applies (see s 178(5)) (4)–(6) exp 1 October 1997 (see s 178(6)) (sec.178-ssec.1) This section applies on a transfer of engagements taking effect. (sec.178-ssec.2) The transferee society is the successor of the transferor society. (sec.178-ssec.3) Without limiting subsection (2) — the members of the transferor society become members of the transferee society; and all assets and liabilities of the transferor society become assets and liabilities of the transferee society without any conveyance, transfer or assignment; and in all documents (including, for example, a contract to which the transferor society was a party), a reference to the transferor society is a reference to the transferee society; and a legal proceeding by or against the transferor society that is not finished when the transfer of engagements takes effect may be continued and finished by or against the transferee society; and the duties, obligations, immunities, rights and privileges applying to the transferor society apply to the transferee society.

• (a) the members of the transferor society become members of the transferee society; and
• (b) all assets and liabilities of the transferor society become assets and liabilities of the transferee society without any conveyance, transfer or assignment; and
• (c) in all documents (including, for example, a contract to which the transferor society was a party), a reference to the transferor society is a reference to the transferee society; and
• (d) a legal proceeding by or against the transferor society that is not finished when the transfer of engagements takes effect may be continued and finished by or against the transferee society; and
• (e) the duties, obligations, immunities, rights and privileges applying to the transferor society apply to the transferee society.