Amendment status not verified — confirm the current text below against the official source.
Charge and set oil' in respect of shares or interest of members.—A regis- lered society shall have a charge upon the share or interest in the Capital and ’ on the deposits of a member or past member or deceased member and upon any dividend, bonus or surplus payable to a member or past, member or (he estate ; of a deceased member in respect of any debt due from such member or past ' member or estate of such deceased member to tile society, and may set off any 1 sum credited or payable to a member or past member or estate of a deceased : ; member in or towards payment of any such debt.