Co-operative and Community Benefit Societies Act (Northern Ireland) 1969

65Power of registrar to petition for winding-up.N.I.

In the case of a society to which section 4 applies which was registered or deemed to be registered under the Act of 1893 before 26th July 1938, a petition for the winding-up of the society may be presented to the court by the registrar if it appears to the registrar—

(a)that neither of the conditions specified in [F1section 1(2)(a)] is fulfilled in the case of that society; and

(b)that it would be in the interests of persons who have invested or deposited money with the society or of any other person that the society should be wound up.