Offences in relation to property of building societies

(1) Any person who, (a) by false representation or imposition, obtains possession of any money, securities, books, papers or others effects of a society; (b) having in his possession any money, securities, books, papers or other effects of a society, withholds or misapplies them; or (c) wilfully applies any part of such money, securities, books, papers or other effects to purposes other than those expressed or directed in the rules of the society and authorised by this Act, 31 commits an offence under this section and is on summary conviction liable to a fine not exceeding one thousand dollars or to imprisonment for a term not exceeding twelve months, or to both such fine and term of imprisonment. (2) The court by which a person is convicted of an offence under this section shall order him to deliver up to the society any moneys, securities, books, papers or other effects and to repay the money improperly applied. (3) If any such person fails to make delivery of such money, securities, books, papers and effects or to make repayment of such money, he shall be liable to imprisonment for any term not exceeding three months. (4) Nothing contained in this section shall prevent any such person from being proceeded against by way of indictment if a conviction has not been previously obtained against him for the same offence under this Act. (5) Proceedings under this section may be taken by or at the instance of, (a) the society; (b) any member authorised by the society or by the board of directors or by the Director of Public Prosecutions; or (c) the Director of Public Prosecutions.