Section 7: Income and property of Society
consolidated text (as at 1991). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
7. Income and property 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 the income or property shall be
paid or transferred directly or indirectly by way of dividend or bonus or otherwise by way
of profit, to the persons who at any time are or have been members of the Society, or to
any persons claiming through them.
(2) Nothing in this Act shall prevent the payment in good faith of remuneration to any
officer or servant of the Society or to any member of the Society or other person in return
for any services rendered to the Society.