Provisions as to rules
F117. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Registration of amendments of rules of society or branch.
1
Subject to subsection (2) below, any amendment of the rules of a society or branch as for the time being registered under this Act shall not be valid until the amendment has been so registered, and for this purpose copies of the amendment, signed by three members and the secretary of the society or of the branch, as the case may be, shall be sent to the F4FCA.
2
Subsection (1) above shall not apply to a change in the situation of the registered office of a society or branch, but—
a
notice of any change in the situation of the registered office of a society or branch shall be sent to the F4FCA and, in the case of a change in the situation of the registered office of a branch, shall be sent to the F4FCA through an officer appointed in that behalf by the society of which the branch forms part; and
19 Acknowledgment of registration of amendments of rules.
On being satisfied that any amendment of the registered rules of a society or branch is not contrary to the provisions of this Act, the F5FCA shall issue to the society or branch, in respect of that amendment, an acknowledgment of registration which shall be conclusive evidence that the amendment is duly registered.
20 Appeals from refusal to register amendment of rule.
F21
If the F6FCA refuses to register an amendment of a rule of a registered society or branch, the society or branch may appeal to the High Court or, in the case of a society or branch whose registered office is situated in Scotland, the Court of Session.
2
If a refusal to register an amendment of a rule is over-ruled on appeal, the F6FCA shall give an acknowledgment of registration under section 19 above to the society or branch.
C221 Duty to supply copies of rules. C1
Every registered society or branch shall deliver to any person on demand, on payment of a F3reasonable fee, a copy of the rules of the society or branch.
22 Rules of certain registered societies to bind members at law.
1
The rules of—
a
a registered cattle insurance society or branch, and
b
such specially authorised societies or branches thereof as the Treasury may allow to take the benefit of this section,
shall bind the society or branch and the members thereof, and all persons claiming through them, to the same extent as if each member had subscribed his name and affixed his seal hereto, and as if there were contained in the rules a covenant on the part of himself and his executors or administrators to conform to the rules subject to the provisions of this Act.
2
All sums of money payable by a member to a society or branch falling within subsection (1) above shall be deemed to be a debt due from the member to the society or branch and shall be recoverable as such in the county court for the district in which the member resides.
F82A
In the application of subsection (2) to England and Wales, for the words “for the district in which the member resides” there shall be substituted “if the member resides in England and Wales”.
3
In the application of this section to Scotland, in subsection (1) the words “and affixed his seal” shall be omitted, and in subsection (2) for the words “in the county court for the district” there shall be substituted the words “
before the sheriff of the sheriffdom
”
.
23 Special provisions which may be included in rules.
1
The rules of a registered society or branch may provide for the reinsurance, to such extent as may from time to time be approved by a qualified actuary, of risks of any class against which persons are, or are to be, insured by that society or branch.
2
The rules of a registered society which is a specially authorised society complying with the provisions of subsection (3) below may provide that it may receive deposits and borrow money at interest from its members or from other persons, and upon the registration of such a rule the same shall be valid.
3
A specially authorised society complies with the provisions of this subsection if it has for its object the creation of funds to be lent out to the members of the society or for their benefit, and has in its rules provisions—
a
that no part of its funds shall be divided by way of profit, bonus, dividend or otherwise among its members; and
b
that all money lent to members shall be applied to such purpose as the society or its committee may approve.