Incorporated society
Encyclopedia
in New Zealand
an incorporated society is defined as being a group of at least 15 people who have applied for registration under the Incorporated Societies Act 1908.
Once registered the Society constitutes a distinct legal entity which provides protection to members from debts, contracts etc. In return, members do not have a personal financial interest in the property or assets (if any) owned by the society.
To maintain registration, annual returns must be made to the Registrar of Incorporated Societies http://www.societies.govt.nz/pls/web/dbssiten.main. At any stage the Society may be wound up by members' resolution, creditors or the Registrar (if compliance is not maintained).
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
an incorporated society is defined as being a group of at least 15 people who have applied for registration under the Incorporated Societies Act 1908.
Once registered the Society constitutes a distinct legal entity which provides protection to members from debts, contracts etc. In return, members do not have a personal financial interest in the property or assets (if any) owned by the society.
To maintain registration, annual returns must be made to the Registrar of Incorporated Societies http://www.societies.govt.nz/pls/web/dbssiten.main. At any stage the Society may be wound up by members' resolution, creditors or the Registrar (if compliance is not maintained).