ADVOKS GLOBAL · KENYA
Building Societies Act
44. Lost or destroyed share certificates, etc.
Edition: 2022-12-31 · In force
44. Lost or destroyed share certificates, etc.
(1)If a share certificate, savings deposit pass book, subscription share pass book, deposit receipt or fixed deposit receipt, or any statement or other record of payment, issued by a society is lost or destroyed, the society, upon such evidence and subject to such terms and conditions as the directors think fit, and after the loss or destruction thereof has been duly advertised once in the Gazette and once in a newspaper circulating in the town or district in which the member or depositor, as the case may be, resides, may issue a certified copy of the certificate, pass book, receipt, statement or record:Provided that the directors may authorize the issue of a certified copy without requiring the loss to be advertised.(2)A certified copy shall thereafter for all purposes take the place of the certificate, pass book, receipt, statement or record so lost or destroyed and be the sole evidence thereof.