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National Health Insurance Act, 1923

Obligations of Trustees of Societies.

12.—(1) Where under this Act any part of the funds of a Society or branch is on an apportionment or adjustment transferable to the Insurance Commissioners, the Insurance Commissioners may require the trustees of the Society or branch to make the necessary transfer, or, in any case in which it appears to the Insurance Commissioners expedient, they may make the necessary transfer out of the funds held by them on behalf of the Society or branch.

(2) A certificate from the Insurance Commissioners that a transfer has been made by the trustees of a Society or branch in accordance with such requirements as aforesaid shall be a good discharge to the trustees as respects the funds so transferred.