Section 12: Funds of Society
consolidated text (as at 2008). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
12. Funds of Society
(1) The income and property of the Society shall be applied solely towards the promotion of the objects of the Society and no portion of it shall
be distributed or transferred by way of dividend or bonus to members of the
Society.
(2) Where the Society acquires any property under a trust, the property
shall be managed subject to such conditions as may be imposed by the trust.