[F196AProposed restructuring of societyS
(1)This section applies where the society proposes to pass a special resolution for the purposes of a restructuring provision where the restructuring—
(a)will result in a tenant under a Scottish secure tenancy ceasing to be a tenant of the society proposing the restructuring, and
(b)is a restructuring other than the conversion of the society into a company in accordance with section 112 of the Co-operative and Community Benefit Societies Act 2014.
(2)The society must comply with sections 115 to 120 (as applied by subsection (3)) in relation to the proposed restructuring.
(3)Sections 115 to 120 apply in relation to a proposed restructuring to which this section applies as they apply in relation to a proposed disposal to which section 107(4) applies, subject to the modification that section 115A(2) has effect as if, for paragraph (b), there were substituted—“(b)before notice of a meeting at which the special resolution is intended to be proposed is given under section 111 or, as the case may be, 113 of the Co-operative and Community Benefit Societies Act 2014,”.
(4)In this section and section 97, “restructuring provision” means any of the following provisions of the Co-operative and Community Benefit Societies Act 2014—
(a)section 109 (amalgamation),
(b)section 110 (transfer of engagements),
(c)section 112 (conversion into or amalgamation with registered company).]
Textual Amendments
F1S. 96A inserted (8.3.2019) by Housing (Amendment) (Scotland) Act 2018 (asp 13), ss. 6(3), 11(2); S.S.I. 2018/253, reg. 2(2)