SCHEDULES

SCHEDULE 4Incorporation of Registered Friendly Societies: Supplementary

Effect of incorporation on registered society

5

Any agreement made by the registered society which is in force immediately before incorporation shall have effect as if—

a

for references to members of the registered society there were substituted references to members of the incorporated society;

b

for references to officers of the registered society (other than its trustees or treasurer) there were substituted references to the corresponding officers of the incorporated society;

c

for references to the trustees of the registered society there were substituted references to the incorporated society; and

d

for references to the treasurer of the registered society there were substituted references to such person as the incorporated society may appoint or in default of appointment to the officer of that society who corresponds as nearly as may be to the treasurer.