Societies may unite with others, or one society may transfer its engagements to another

(1) Two or more societies may unite and become one society with or without any dissolution or division of the funds of such societies or either of them. 18 (2) A society under this Act may transfer its engagements to any other such society upon such terms as are agreed upon by three-fourths of the members of each of such societies present at general meetings respectively convened for the purpose, Provided that such agreement shall receive the concurrence in writing of the holders of not less than two-thirds of the whole number of shares of each society, whether they were present at the meeting or not, but no such transfer shall prejudice any right of any creditor of either society. (3) Notice of every such union or transfer shall be sent to the Registrar General and registered by him. (4) The registration of the notice of the union of any societies or of the transfer of the engagements of any society to another society in terms of and subject to this section shall operate as an effectual conveyance, transfer and assignment as at the date of the registration of the funds, property and assets of the societies so uniting to the united society or of the society transferring its engagements to the society to which such engagements may be transferred as may be set forth in the instrument of union or transfer of engagements without any conveyance, transfer or assignment whatever, Provided that such union or transfer of engagements shall not affect the rights of any creditors of either or any society uniting or transferring its engagements.