Part 9

Amalgamations, conversions, dissolution etc

Conversion of society into company etc

Conversion of society into a company, amalgamation with a company etc
112
1
A registered society may by special resolution determine to—
a
convert itself into a company,
b
amalgamate with a company, or
c
transfer its engagements to a company.
In this section “company” means a company under the Companies Acts.
2
A registered society's registration under this Act becomes void and (subject to section 126) must be cancelled by the FCA if the society—
a
is registered as a company,
b
amalgamates with a company, or
c
transfers all its engagements to a company.
3
Section 113 contains provisions about special resolutions under this section.
4
Section 114 contains further provisions about the conversion of a society into a company.
5
An amalgamation or transfer of engagements does not prejudice any right of a creditor of the society.
Ss. 112-114 excluded by 1979 c. 34, s. 22 (as amended (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 12 (with Sch. 5))