Section 25Part 0 —
Effects of society vested in treasurer, who may sue and be sued, etc.
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All real estate and personal property, moneys, goods, chattels and effects, and all titles, securities for money or other obligatory instruments and evidences or muniments, and all other effects, and all rights and claims belonging to or had by such society, shall be vested in the treasurer or trustee of such society for the use and benefit of the society and the members thereof their executors or administrators, according to their claims and interests, and, after the death or removal of any treasurer or trustee, shall vest in the succeeding treasurer or trustee, without any assignment or conveyance, except the transfer of stocks and securities in the Treasury, or any savings bank, chartered bank or banking company in the Islands; and also shall, for all actions or suits, criminal and civil, be deemed the property of the person appointed to the office of treasurer or trustee of such society, in his or her proper name, without further description; and such person is authorised to bring or defend, or cause to be brought or defended, any action, suit or prosecution concerning the property, right or claim of such society:
Provided such person has been authorised by the consent of the majority of members present at any meeting of the society or committee; and such person so appointed may sue and be sued, in his proper name, as treasurer or trustee of such society, without other description; and no such suit, action or prosecution shall be discontinued or abate by the death of such person, or his removal from the office of treasurer or trustee, but the same may be proceeded in by the succeeding treasurer or trustee, in the proper name of the person commencing the same, any law, usage or custom to the contrary notwithstanding; and such succeeding treasurer or trustee shall pay or receive the same costs as if the action or suit had been commenced in his name for the benefit of, or to be reimbursed from, the funds of such society.