SCHEDULES
SCHEDULE 4 Incorporation of Registered Friendly Societies: Supplementary
Preliminary
1
1
This Schedule has effect in relation to an incorporated friendly society (“the incorporated society”) which was formerly a registered friendly society (“the registered society”); and in this Schedule “incorporation” means the incorporation of that society.
2
In this Schedule “branch”, in relation to the registered society, means any registered or unregistered branch of the society and, in relation to the incorporated society, means a group of members provided for by the rules of the society—
a
which is under the control, and bound to contribute to the funds, of the society; and
b
which has its own funds and other property vested in trustees and administered (in accordance with its rules) by the members of the group themselves, or through its own committee or other officers.
3
In this Schedule references to an agreement include references to any agreement (whether in writing or not) and any deed, bond or other instrument.
4
Nothing in section 6 above or this Schedule shall be taken as affecting any power or liability of a branch of a registered friendly society to secede or to be expelled from that society.