Charitable Loan Societies (Ireland) Act 1906
| Jurisdiction | UK Non-devolved |
| Citation | 1906 c. 23 |
| Year | 1906 |
Charitable Loan Societies (Ireland) Act, 1906
(6 Edw. 7.) CHAPTER 23.
An Act to amend the Acts relating to Charitable Loan Societies in Ireland.
[4th August 1906]
Be it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:
1 Extension of time for taking proceedings under 14 & 15 Vict. c. 93, and validation of decrees, &c.
(1) In the application of subsection four of section ten of the Petty Sessions (Ireland) Act, 1851, to a promissory note current or unpaid on the first day of March eighteen hundred and ninety-nine, and purporting to have been made under the principal Act, twelve months from the passing of this Act shall be substituted for six months from the time when the cause of complaint shall have arisen.
(2) A decree, order, or warrant of a court of summary jurisdiction pronounced, made, or issued before the passing of this Act in respect of any such promissory note which has not been executed by reason only that the note became payable more than six months before the complaint relating to it was made shall not be a bar to any proceedings for the recovery of the amount due in respect of the note.
2 Amount due in respect of promissory notes to be recoverable after lapse of six years in certain cases.
2. Proceedings to recover the amount due in respect of a promissory note current or unpaid on the first day of March eighteen hundred and ninety-nine, and purporting to have been made under the principal Act, may be taken within twelve months from the passing of this Act, notwithstanding that six years or upwards may have elapsed from the time when the note became payable.
3 Validation of renewals of promissory notes in certain cases.
3. A renewal of a promissory note purporting to have been made under the principal Act and made prior to the passing of this Act shall not be invalid or incapable of being enforced in any court or liable to stamp duty by reason only of the original note having been made in contravention of section thirty-eight of that Act, which prohibits the transaction of the business of a loan society...
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