Section 21: Funds of Society
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
21. Funds of Society
(1) The Society shall set up a General Fund —
(a) into which shall be paid —
(i) such fees or charges as may be levied by the Society;
A17A – 13 [Issue 6]
Animal Welfare Act
(ii) any money appropriated from the Consolidated Fund; and
(iii) any other sum that may lawfully accrue to the Society
from any other source; and
(b) out of which all payments required to be made by the Society
for the purposes of this Act shall be effected.
(2) The property and income of the Society shall be applied solely towards the promotion and attainment of the objects of the Society.
(3) No portion of the property or income shall be distributed or transferred by way of dividend or bonus to any member of the Society or Council.
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Questions this section answers
- Where does the Society's money come from?
- Can the Society's funds be paid out as a bonus to its members?