Benevolent Society (Reconstitution) Act 1998 (NSW)

Benevolent Society (Reconstitution) Act 1998 No 153

An Act to transfer the assets, rights and liabilities of the Benevolent Society of New South Wales constituted under the Benevolent Society of New South Wales Act 1902 to a company of that name and limited by guarantee; to repeal that Act; and for related purposes.

1 Name of Act This Act is the Benevolent Society (Reconstitution) Act 1998.

2 Commencement This Act commences on a day or days to be appointed by proclamation.

3 Definitions In this Act: assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action, and documents. by-laws includes rules or regulations. Company means the Benevolent Society of New South Wales, a company limited by guarantee (ACN 084 695 045), and, if the name of the company is duly changed, includes the company under its then current name. former body means the Benevolent Society of New South Wales constituted as a body corporate by the Benevolent Society of New South Wales Act 1902. liabilities means any liabilities, debts or obligations (whether present or future and whether vested or contingent). rights means any rights, powers, privileges or immunities (whether present or future and whether vested or contingent).

4 Dissolution of former body (1) The former body is dissolved: (a) on the commencement of this section, or (b) immediately after the conclusion of a general meeting of members of the former body at which final accounts of the former body are approved and the former body is declared to be dissolved, whichever is the later. (2) On dissolution of the former body: (a) the Company is taken to be a continuation of, and the same legal entity as, the former body, and (b) a reference in any Act, in any instrument made under any Act, or in any document of any kind, to the former body is taken to include a reference to the Company, and (c) the board of directors of the former body is dissolved, and the directors and office holders of the former body cease to hold their respective offices as such.