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DISPUTES

106. Any disputes arising out of these by-Iaws or concerning the business of the society which cannot be settled by the committee or General meetings shall be referred to the Co-operative Tribunal as provided for in Section 76 of the Act.

107. In the case of debts due to the society from a member or debts by the society to a member, the Tribunal may at its discretion determine those to be disputes and may act accordingly without direct reference from the society.

CONFlDENTIALITY

108. The Executive Officers, Members of the Committees, and employees of the society shall hold in the strictest confidence all transactions of the society with its members, and all information in respect to their personal affairs, except to the extent deemed necessary by the committee in connection with Loan granting and its repayment.

MISCELLANEOUS

109. No officer or member shall receive from the society any payment except the actual cost of traveling and subsistence while working on the society’s business and honorarium from surplus as allowed in the By-Iaw 87 (f) unless a member is appointed in writing as a paid servant of the society. This does not apply in case of sitting allowance payable to committee members.

110. No executive officer, committee member or employee of the society shall in any manner participate in deliberations upon or determinations of any question affecting his interest. In all cases, the qualified officers or the committee members at the meeting, if constituting a quorum without the disqualified member, shall exercise all the powers of the committee.

111. When any vacancy arises in the committee due to disqualification, cessation of membership or otherwise inability to perform duties, the management Committee may co-opt any other member or members to serve in the committee until the next general election, which will confirm such co-option or elect someone else to fill the vacancy.

112. All books of account and other records shall at all times be available to all committee members, the Commissioner or his representative. A copy of the Co-operative Society Act, the Rules, the By-Iaws, the Registration Certificate and the Members Register shall be available for inspection by any member during the normal working hours.

113. A copy of these society's by-laws shall be furnished to every member who requires one, upon payment of KShs.500/- or any amount determined by the management committee.

DISSOLUTION

114. The society may be dissolved in accordance with the procedures set forth in Co-operative societies Act.

RISK MANAGEMENT & BENEVOLENT FUND

115. In order to cushion members’ funds against loss in event of death or permanent disability, the Management Committee with authority of a General Meeting shall engage the services of an insurance firm.

116.

a. While choosing the insurance cover, the Management Committee shall ensure that the company provides at least the following covers;

i. Loans Cover

ii. Group Cover (for the Management Committee)

iii. Funeral expenses.

b. Notwithstanding the provisions of clause (a) above, the Management Committee shall have the right to reject any insurance firm offering the above covers basing on its solvency and ability to settle claims on time.


117. Notwithstanding the provisions of By-laws no. 114 &115, the Management Committee, with the approval of a General Meeting may start a benevolent fund to which willing members shall subscribe. The terms of reference for such a benevolent fund shall be determined by a General Meeting.

SEAL

118. The seal of the society shall be a rubber stamp bearing the words “MOTO STAFF SACCO SOCIETY LIMITED”. The Seal shall be kept secure under lock and key by the Treasurer and shall be used only in the presence Of at least three Officers authorized to sign on behalf of the society under by-law 84.

AMENDMENTS OF THE BY-LAWS

119. These by-Iaws may further be amended in accordance with the Act and Rules, but no amendment shall become effective until it is approved and registered by the Commissioner Of CO-Operative Societies upon payment Of such fee as shall be in force at that particular time.

ACCEPTANCE

120. We, the undersigned Executive Officers Of MOTO STAFF SACCO SOCIETY LIMITED, named herein do hereby accept and adopt these By-Iaws for and on behalf Of the society together with any changes or alterations that have been initialed or signed by us.

CHAIRMAN : ………………………………………………………….
VICECHAIRIVIAN : ………………………………………………………….
SECRETARY : ………………………………………………………….
TREASURER : ………………………………………………………….


CERTIFIED that the foregoing amended By-laws of the MOTO STAFF SACCO SOClETY LIMITED have been approved by me and duly registered. Given under my hand at Nairobi this................................................................................... Day Of.................................................................................the year...................................................................................................................................................................................................

COMMISSIONER OF CO-OPERATIVE SOCIETIES

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