Section 5 - Property of society how vested : Societies Registration Act 1860

Property of society how vested is defined under Section 5 of Societies Registration Act 1860

Section 5 of Societies Registration Act 1860: "Property of society how vested"

The property, movable and immovable, belonging to a society registered under this Act, if not vested in trustees, shall be deemed to be vested, for the time being, in the governing body of such society, and in all proceedings, civil and criminal, may be described as the property of the governing body of such society by their proper title.

SOCIETIES REGISTRATION ACT 1860

Section 1 - Societies formed by memorandum of association and registration

Section 2 - Memorandum of association

Section 3 - Registration and fees

Section 4 - Annual list of managing body to be filed

Section 5 - Property of society how vested

Section 6 - Suits by and against societies

Section 7 - Suits not to abate

Section 8 - Enforcement of judgment against society

Section 9 - Recovery of penalty accruing under bye-law

Section 10 - Members liable to be sued as strangers

Section 11 - Members guilty of offences punishable as strangers