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Cap. 442 · cap/442 (Cap. 442)

Cap. 442 чл. 36Membersboundby statute.

PART IV

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(1) The statute of a society, including any amendments thereof shall, once registered, bind the society and the members thereof to the same extent as if they were signed by each member.

(2) A member of a society shall not, without his consent in writing having been first obtained, be bound by any amendment of the society’s statute registered after he became a member, if and so far as that amendment requires him to take or to subscribe for more shares than the number held by him at the date of registration of the amendment, or to pay upon the shares so held any sum exceeding the amount unpaid upon them at that date, or in any other way increases the liability of that member to contribute to the share or loan capital of the society.

(3) Any dispute that may arise, concerning any of the matters referred to in article 109, shall, if included in the statute of a society, or if agreed between the parties involved in the dispute, be referred to arbitration by an arbitrator appointed by the Chairman of the Malta Arbitration Centre, in which case, the society’s members shall abide by the awards of the arbitrator. Membership of a society shall automatically imply a tacit agreement, on the part of the member, to submission to arbitration as aforesaid.