BROWNE v. ROYAL PERMANENT BUILDING SOCIETY

18 VLR 397·A’BECKETT, J.
18 VLR 397
18 VLR 397
BROWNE v. ROYAL PERMANENT BUILDING SOCIETY Supreme Court of Victoria A’BECKETT, J. June 8, 10 June 1892 Building Societies Act 1890 (No. 1068), sec. 29, sub-sec. 3. — Voluntary dissolution — Judgment obtained against society — Stay of execution — Rights of creditor after proceedings for voluntary dissolution have commenced .

Proceedings for dissolution taken by a building society under the provisions of sub-sec. 3, sec. 29, of the Act No. 1068 are not equivalent to the voluntary winding up of a company. A creditor who has obtained a judgment against a building society which is in course of dissolution under the above section may notwithstanding enforce his judgment by execution.

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18 VLR 397

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