||All England Reporter
|| All ER (D) 390 (Oct)
Judge Rich QC sitting as a Judge of the High Court
||Martin Young (instructed by Farbairn Smith & Co) for the claimants.
||Daniel Margolin (instructed by the Treasury Solicitor) for the defendant.
||27 October 2004
Friendly societies - Dissolution of friendly society - Distribution of assets - Construction of rules of society governing dissolution and distribution - No entitlement of members to funds on dissolution - Funds bona vacantia.
Where funds had been held by trustees following the dissolution of a friendly society, the rules of which prohibited the distribution of assets amongst members and where no application had been made to the registrar of friendly societies for dissolution and distribution of those assets, the court determined that the funds were bona vacantia.
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