Except in the cases referred to in clauses

(a) and (b) of section 40,—

(a) every non-prized subscriber shall, unless otherwise provided for in this Act or in the chit agreement, be entitled to get back his subscriptions at the termination of the chit without any deduction for dividend, if any, earned by him:

(b) if a chit terminates on a date earlier than the date originally fixed in the chit agreement, the non-prized subscriber’s claim shall be deemed to have arisen on the date on which he has notice thereof.