Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the provisions of Subsection (2), the liability Lia‘bflity 0' of a past member. or of the estate of a deceased member of a seeiety past mem bet and “ta“ for the debts of the society as they stood,— i d d . . ?mm‘fxse (a) 1n the case of a past member, on the date on Which he ceased to be a member, and (b) in the case of a deceased member,on the date of his death, shall, continue for a period of four yeats from such date. (2) Where a. society is ordered to be wound np under any provision of this Act, liability of a past member or of the estate of a deceased member Who ceased to be aZmember 01' died, Within tWo years immediately preceding the date of the order of Winding up, shall continue until the entire liquidation-proceedings are completed ; but such liability shall extend only to the debts of the society as they stood on the date of his ceasing to be a member or death, as the case be.