Accountability for moneys received

(1) Every person who, (a) has or receives any moneys, effects or funds, of or belonging to a friendly society; or (b) has been or is entrusted with the management, disposal or custody thereof, or of any securities, books, papers or property relating to the same, his executors, administrators and assigns shall, upon demand made or notice in writing given or left at the last or usual place of residence of such persons, in pursuance of any order of not less than two trustees or three members of the committee or board of management, give in his account at the usual meeting of the friendly society or to such trustees, committee or board of management, to be examined and allowed or disallowed. (2) Every such person shall on demand or notice, pay over all moneys remaining in his hands, and assign and transfer or deliver all securities and effects, books, papers and property in his custody, and assign and transfer or deliver all such securities and effects, books, papers and property to the treasurer or trustees or to such other person as such trustees, committee or board of management shall appoint. (3) If he neglects or refuses to deliver such account, or to pay over such money or to assign, transfer or deliver such securities and effects, books, papers and property in manner aforesaid, a magistrate may, upon the complaint of any trustee 18 or other officer of the friendly society, hear and determine the complaint and make such order as seems just. books.