Blue & Gold Forum

Trust Rules

INVESTMENT AND BORROWING


102. The funds of the Society may, to the extent permitted by the law for the time being in force and with the authority of the Society Board, be invested:

  • a. in the shares of any company or society;
  • b. in any manner expressly authorised by the Act;

but are not to be invested otherwise.

103. The Society may borrow money on such terms as the Society Board shall authorize.

104. A duly appointed receiver or manager of the whole or part of the Society’s property may assume such powers of the Society Board or the Executive Board as he or she considers necessary to carry out his or her duties under the instrument of appointment.




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