16. Priority on death, bankruptcy, etc., of officer
Feedback & supportLast amended by an amending law of 2021.
In the following cases:
upon the death or bankruptcy of any officer of a registered organisation having in his possession by virtue of his office any money or property belonging to the organisation; or
officer
“officer” means the president, the secretary and members of a committee of an organisation and includes persons holding positions analogous to those of president, secretary or member of a committee;
if any enforcement, attachment or other process is issued or action taken against any such officer or against his property,his heirs, executors or administrators or the Official Assignee or the Sheriff of the Supreme Court or other person executing the process or the party taking the action, shall upon demand in writing of the trustees of the registered organisation or of any 2 of them or of any person authorised by the registered organisation to make the demand, pay the money and deliver over the property to the trustees of the registered organisation in preference to any other debt or claim against the estate of the officer.
registered organisation
“registered organisation” means any organisation for the time being registered under this Act;