(c) a preliminary resolution has been passed by a two-thirds majority of the
members present at the meeting for the amalgamation.
(3) An amalgamation of registered societies into one society under this section
may be effected without dissolution of the societies concerned or a division of the
assets and liabilities of the amalgamated societies and a resolution of the society
passed for the amalgamation shall be sufficient for the transfer of the assets and
liabilities of the amalgamated societies to the new society.
72. Investment of funds
A registered society may invest or deposit its funds—
(a) in any bank or financial commercial institution incorporated in Uganda;
(b) in such investments and securities as are by law allowed for the investment
of trust funds;
(c) in such other way as is specified in its articles or rules and approved by the
Registrar.
73. Provident and benevolent fund
(1) A registered society shall establish and administer a Provident and
Benevolent Fund which shall be separate from the funds of the society for the
benefit of the copyright and other rights owners.
(2) The society shall credit all moneys collected on behalf of the authors and
other copyright and neighbouring rights owners to the Fund and shall pay all sums
due to the rights owners from that Fund.
Supervision of societies
74. Inspection
Any employee, officer or member of a collecting society shall, when required to do
so by the Registrar or an inspector, produce for inspection any books, records or
document in his or her control relating to the operations of the society.
75. Ad hoc committee of inquiry
(1) The Registrar may hold an inquiry or direct an inspector or other person in
writing to hold an inquiry into the constitution, working and financial conditions of a
registered society.
(2) On receipt of a resolution demanding an inquiry passed by not less than
two-thirds of the members present at a general meeting which has been duly
advertised, the registrar shall cause an inquiry to be held.