Constitution of Urabba Parks/Section 114
Liabilities of members[edit | edit source]
(1) Urabba Parks has the first and paramount lien on membership to the extent there are any unpaid calls on the membership, or the member is liable to pay an amount under subsection (2).
(2) In the case of Urabba Parks becoming liable to pay an amount in respect of membership to any person under any law other than in the course of the charitable business of Urabba Parks, the member and each joint holder holding membership, or the personal representative entitled to be registered, shall be liable to indemnify Urabba Parks for such amount.
Relevant notes from the Explanatory Memorandum[edit | edit source]
282. Subsection (1) provides that Urabba Parks shall have the first and paramount lien on pledged membership. This purpose of this provision is to protect Urabba Parks’ rights to recover amounts that have been pledged on membership by placing its lien to the membership above all others.
283. Subsection (2) provides for the indemnity of Urabba Parks in the case of amounts payable to a member or their personal representative other than in the course of its charitable business. This purpose of this provision is to ensure that no member is able to receive any benefit in respect of their membership not authorised by this Constitution, which restricts such benefits to those incidental to the provision of charitable benefits.