Actions by certain societies or organisations

(1) An action shall not be brought to recover any sum due to a co-operative society registered under the Co-operative Societies Act, Cap. 313, or a Friendly Society established under the Friendly Societies Act, Cap. 317 or a Credit Union incorporated under the Credit Unions Act, Cap. 314 or any similar benevolent Organisation after a period of fourteen years from the date the sum was due. (2) The Attorney-General may by Order publish in the Gazette declare either individually or by class any organisation to be a benevolent Organisation for the purpose of this section.