Section 114 of the Constitution of Urabba Parks
|This article is part of the series|
|Constitution of Urabba Parks|
|Chapters of the Constitution|
|Text of the Constitution|
|Commonwealth of Australia Constitution Act|
Section 114 of the Constitution of Urabba Parks provides for the liabilities of members on their membership.
Compiled text (Section 114 - Liabilities of members)
(1) Urabba Parks has the first and paramount lien on membership to the extent it is pledged.
(2) In the case of Urabba Parks becoming liable to pay any amounts 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 the amounts.
Law not made
|Statute or Instrument||Number and year||Assent||Commencement||Application, saving and transitional provisions|
|Urabba Parks Proprietary Limited Constitution Statute 2021||No. 1, 2021||5 Mar 2021||5 Mar 2021 (gaz 2021,p. 1)|
|Provision affected||How affected|
Relevant notes from the explanatory memorandum
282. Subsection (1) provides that Urabba Parks shall have a 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.
|Wikisource has original text related to this article:|