Co-operative and Community Benefit Societies Act 2014 (c. 14)

Part 9 E+W+S Amalgamations, conversions, dissolution etc

Restriction on dissolution etc E+W+S

126 Dissolution etc to occur only after society's property dealt with E+W+S

(1) This section applies where—

(a) a registered society's engagements are transferred under section 110 or 112, or

(b) a registered society is to be dissolved in accordance with section 119 or 123.

(2) The society must not be dissolved, and its registration must not be cancelled, until a relevant certificate has been lodged with the FCA.

(3) “Relevant certificate” means a certificate certifying that all property vested in the society has been duly conveyed or transferred by the society to the persons entitled, signed by—

(a) the liquidator, or

(b) the secretary or some other officer of the society approved by the FCA.

Modifications etc. (not altering text)

C1 S. 126 modified by S.I. 2014/229 art. 15 (as substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) Order 2014 (S.I. 2014/1822), arts. 1(2), 4)