Building Societies Acts Amendment Act of 1952 (1 Eliz Ii No. 23) (Qld)

406 SOCIETIES. Bv.ilding Societies Acts Amendment Act. 1 E liz . II. No. 23, 1952. SOCIETIES. 1 N E o l . iz 2 . 3I. I. An Act to Amend “The Building Societies Acts, T he B uilding S ocieties 1886 to 1943,” in a certain particular. A cts A mendment A ct op [A ssented to 26 th S eptember , 1952.] 1952. E it enacted by the Queen’s Most Excellent Majesty, B by and with the advice and consent of the Legis­ lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:— Short title and con­ struction. Collective title. 1. This Act may be cited as “ The Building Societies Acts Amendment Act of 1952,” and shall be read as one with *“ The Building Societies Acts, 1886 to 1943,” herein referred to as the Principal Act. The Principal Act and this Act may collectively be cited as “ The Building Societies Acts, 1886 to 1952.” pTSopewremceiraisnl aotfing Act a2n.d( 1t. h) eOrenafatenrd tforoamndthinecdluadteinogftthhee tphairsstyin- gfirosft tdhaisy rbSeoosrcprieeoctwytinoingf. soefcDtioencemtwbeern,tyo- nseixthoofustahned PnriinneciphaulndArecdt sahnadllfibftey-rfievaed, by omitting therefrom the words “ and shall not at any time, in the case of a Terminating Society exceed three years’ income on the shares for the time being in existence ” where those words appear in the second paragraph thereof, and the said section twenty-six shall, in respect to the aforesaid period, have operation and effect accordingly. (2.) The expiration of the period specified in subsection one of this section shall not affect or prejudice howsoever any right or liability of a Terminating Society in respect of deposits with, or loans to, it made during the said period, excepting that it shall not be lawful for such a society to receive on deposit or loan any amount at any time after the expiration of the said period when the balance not repaid of the aggregated amounts of deposits with, and loans to, it during the said period exceeds the limit imposed by the words of section twenty- six of the Principal Act specified in subsection one of this section. * 50 V. No. 34 and amending Acts.