§ (1) Subject to the provisions of this Act, every member of an approved society shall be entitled, on giving the prescribed notice and on complying with the prescribed conditions, to terminate his membership of the society and become a member of another society or a deposit contributor:
§ Provided that—
§ (a) No person shall be entitled to terminate his membership except as at the prescribed times, and the prescribed times shall be so fixed as to give opportunities for terminating membership at intervals not greater than six months;
§ (5) Any person being a member of an approved society to whom a certificate of exemption is granted under Section two of the. principal Act, or who ceases to be an insured person, shall upon the grant of the certificate or on so ceasing, as the case may be, cease to be a member of the society:
§ Provided that if any person within one year after so ceasing to be a member of a society becomes an employed contributor, he shall on making an application for the purpose within the prescribed time be entitled to be re-admitted as a member of the society, and the society shall readmit him accordingly.
§ This Sub-section shall apply to any person to whom such a certificate has been granted or who has ceased to be an insured person before the commencement of this Act as if the certificate had been granted or he had ceased to be an insured person on the date of the commencement of this Act.
§ (6) If any approved society, to whom or to whose duly appointed agent being a person receiving applications for admission to the society any person delivers an application in proper form for admission to the society, does not within a period of three months after the date on which the application is so delivered deliver or send by post to that person a notification that his application has been rejected, that person shall be deemed as on the date of delivery of the application to have been admitted a member of the society.
2040§ Lords Amendments:
§ In sub-section (1, a), leave out the words "six months", and insert instead thereof the words "twenty-seven weeks."—Agreed to.
§ In Sub-section (5), leave out the words "or who has ceased to be an insured person before", and insert instead thereof the words "before or who having previously been insured is not an insured person at the date of."—Agreed to.
§ In Sub-section (6), after the word "person" ["any person delivers"], insert the words "not being a member of any approved society."—Agreed to.