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Friendly Societies Act 1974
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- 01/02/1991- Amendment
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There are currently no known outstanding effects for the Friendly Societies Act 1974, Part II.
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Part IIU.K. Provisions Applicable to Friendly Societies and Cattle Insurance Societies
12U.K.The keeping of proper accounts in accordance with section 29 of this Act and the keeping of a separate account of the expenses of management and of all contributions and other moneys which may be applied to those expenses.
Modifications etc. (not altering text)
C1By Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para. 51(2) (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6, it is provided that paras. 7, 12 and 15 shall cease to have effect (1.1.1994) in relation to registered friendly societies.
13U.K.Except with respect to cattle insurance societies, such periodic valuation or valuations (if any) of the assets and liabilities of the society as a whole, or of the assets and liabilities of the society in respect of any particular business or businesses conducted by the society, as may from time to time be required by law in the case of that society.
14U.K.The voluntary dissolution of the society F1. . ..
Textual Amendments
F1Words in Sch. 2 para. 14 repealed (1.1.1994) by Friendly Societies Act 1992 (c. 40), s. 120(2), Sch. 22 Pt.I (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6appendix.
15U.K.The right of one-fifth of the total number of members, or of 100 members in the case of a society of not less than 1,000 members and not more than 10,000, or of 500 members in the case of a society of more than 10,000 members, to apply to the [F2FCA], for an investigation of the affairs of the society or for winding it up.
Textual Amendments
F2Words in Sch. 2 para. 15 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 5 para. 2(1)(a)(2)(x) (with Sch. 12)
Modifications etc. (not altering text)
C2By Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para. 51(2) (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6, it is provided that paras. 7, 12 and 15 shall cease to have effect (1.1.1994) in relation to registered friendly societies.
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