s. 51 this section are jointly and severally liable to any creditor of the incorporated association for all debts and liabilities incurred by it in or in consequence of the trading or securing of pecuniary profit for its members. (4) The prohibition against trading contained in S. 51(4) inserted by subsection (1) does not apply to— No. 10236 s. 7(1). (a) an incorporated association that complies with subsection (6) and— (i) the predominant purpose of which is charitable; (ii) the rules of which contain provisions precluding any distribution of its assets, in the event of its winding-up or dissolution, otherwise than for a charitable purpose; and (iii) the rules of which contain provision authorizing trading by the incorporated association in accordance with this section; or (b) an incorporated association that is declared by Order of the Governor in Council published in the Government Gazette to be an incorporated association to which the prohibition against trading does not apply. (5) An Order under subsection (4)(b) may be made S. 51(5) inserted by subject to such terms and conditions as the No. 10236 Governor in Council determines. s. 7(1). (6) If the rules of an incorporated association contain S. 51(6) inserted by provisions referred to in subparagraphs (ii) No. 10236 and (iii) of subsection (4)(a), the incorporated s. 7(1). association shall not, without the consent of the Minister, alter— (a) the provision referred to in subparagraph (iii) of subsection (4)(a); or
this section are jointly and severally liable to any creditor of the incorporated association for all debts and liabilities incurred by it in or in consequence of the trading or securing of pecuniary profit for its members. S. 51(4) inserted by No. 10236 s. 7(1). (4) The prohibition against trading contained in subsection (1) does not apply to— s. 51 (a) an incorporated association that complies with subsection (6) and— (i) the predominant purpose of which is charitable; (ii) the rules of which contain provisions precluding any distribution of its assets, in the event of its winding-up or dissolution, otherwise than for a charitable purpose; and (iii) the rules of which contain provision authorizing trading by the incorporated association in accordance with this section; or (b) an incorporated association that is declared by Order of the Governor in Council published in the Government Gazette to be an incorporated association to which the prohibition against trading does not apply. S. 51(5) inserted by No. 10236 s. 7(1). (5) An Order under subsection (4)(b) may be made subject to such terms and conditions as the Governor in Council determines. S. 51(6) inserted by No. 10236 s. 7(1). (6) If the rules of an incorporated association contain provisions referred to in subparagraphs (ii) and (iii) of subsection (4)(a), the incorporated association shall not, without the consent of the Minister, alter— (a) the provision referred to in subparagraph (iii) of subsection (4)(a); or