Lawyers and Conveyancers Act 2006

Miscellaneous provisions - Transitional provisions relating to dissolution of District Law Societies

377: Members to have no right to property on dissolution of incorporated society

You could also call this:

"When a society ends, its members can't keep its property."

Illustration for Lawyers and Conveyancers Act 2006

You are part of an incorporated society that used to be a District Law Society. If this society ends, you cannot take its property. The rules of the Incorporated Societies Act 1908 do not change this. The society's property will be handled according to the law, not given to its members.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367884.

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"The New Zealand Law Society can help fund law libraries with money for 5 years."


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378: Consequential provisions in relation to assets, money, and property, or

"What happens to a Law Society's assets, money, and property when it changes hands"

Part 11Miscellaneous provisions
Transitional provisions relating to dissolution of District Law Societies

377Members to have no right to property on dissolution of incorporated society

  1. If, under section 373(1), assets and liabilities of a District Law Society become assets and liabilities of an incorporated society, the members of that incorporated society may not divide between them, on the dissolution of that incorporated society, all or any of its property.

  2. Nothing in the Incorporated Societies Act 1908 or the rules of an incorporated society limits subsection (1).