3(1)Subject to [F1sub-paragraphs (2) and (3)] below, the whole of the objects for which the society is to be established, the purposes for which the funds thereof shall be applicable, the terms of admission of members, the conditions under which any member may become entitled to any benefit assured by the society, and F2. . . forfeitures to be imposed on any member and the consequences of non-payment of any subscription F2. . ..U.K.
(2)Nothing in sub-paragraph (1) above shall require the inclusion in the rules of a registered society of tables relating to the benefits payable to or in respect of any members of the society in pursuance of [F3group insurance business].
[F4(3)Nothing in sub-paragraph (1) above shall prevent a registered friendly society from specifying in its rules the manner in which the conditions under which any member may become entitled to any benefit assured by the society are to be determined, instead of specifying the conditions themselves.]
Textual Amendments
F1Words in Sch. 2 para. 3(1) substituted (1.1.1994) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para. 51(1)(a) (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6.
F2Words in Sch. 2 para. 3(1) repealed (1.1.1994) by Friendly Societies Act 1992 (c. 40), ss. 95, 120(2), Sch. 16 para. 51(1)(a), Sch. 22 Pt. I (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6 appendix.
F3Words in Sch. 2 para. 3(2) substituted (17.8.2001 for certain purposes, otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. I para. 49(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F4Sch. 2 para. 3(3) inserted (1.1.1994) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para. 51(1)(b) (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6.