Constitution of Urabba Parks/Section 114: Difference between revisions
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= Liabilities of members = | = Liabilities of members = | ||
(1) Urabba Parks has the first and paramount lien on membership to the extent | (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 | (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. | ||
Revision as of 11:32, 22 September 2021
Liabilities of members
(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.