Section 92: Conversion into another class of society

92. Conversion into another class of society (1) A society may, by resolution passed at a general meeting, resolve to convert the society into another class of society. (2) Where a conversion involves the transfer of liabilities of the society to the proposed society, the society shall give at least 3 months’ notice of the conversion to its creditors. [Issue 9] C49 – 48 Revised Laws of Mauritius (3) A creditor of the society shall be entitled to a refund of any sum due to him if he makes a request, in writing, to that effect at least one month before the date fixed for the conversion. (4) A member of the society may, by notice in writing addressed to the society at least one month before the date fixed for the conversion, declare his intention not to become a member of the new society and he shall, on making the declaration be entitled to a refund of his share. (5) Where, after receiving notice of the proposed conversion, the Registrar is satisfied that— (a) this section has been complied with; (b) every member and creditor has received any sum due to him; and (c) all legal conditions necessary for the conversion of the society have been fulfilled, he may register the new converted society. (6) Where the Registrar refuses to register the proposed converted society, any aggrieved society may, within 21 days of the date of such refusal, appeal to the Tribunal. PART XIV – DISSOLUTION AND LIQUIDATION OF SOCIETIES