Friendly Societies Act 1974
Friendly Societies Act 1974 (1974 c. 46)
- Friendly Societies Act 1974 (1974 c. 46)
- The Registry of Friendly Societies
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- Registration of societies and branches
- 7 Societies which may be registered.
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- 9 Special provisions as to dividing societies and societies assuring annuities.
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- 11 Additional requirements for registration of societies with branches.
- 12 Establishment of new branches.
- 13 Registration of branches as societies.
- 14 Name of seceding or expelled branch.
- 15A Acknowledgement of registration and rules of new branch.
- 16 Appeals from refusal to register.
- Provisions as to rules
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- 18 Registration of amendments of rules of society or branch.
- 19 Acknowledgment of registration of amendments of rules.
- 20 Appeals from refusal to register amendment of rule.
- 21 Duty to supply copies of rules.
- 22 Rules of certain registered societies to bind members at law.
- 23 Special provisions which may be included in rules.
- Trustees and Officers
- 24 Trustees of registered societies and branches.
- 25 Minors not to hold office.
- 26 Proof of appointment of officers and trustees.
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- Accounts, audit and auditors
- 29 Books of account, etc.
- 30 General provisions as to accounts and balance sheets.
- 30A Publication of accounts and balance sheets.
- 31 Obligation to appoint auditors.
- 32 Audit of exempt societies and branches.
- 32A Power of societies to disapply section 31.
- 33 Re-appointment and removal of auditors.
- 34 Notice of resolutions relating to appointment and removal of auditors.
- 35 Proceedings subsequent to receipt of notice under s. 34.
- 36 Qualified auditors.
- 37 Restrictions on appointment of auditors.
- 38 Auditors’ report.
- 39 Auditors’ right of access to books and to attend and be heard at meetings.
- 39A Duty to obtain accountant’s report where section 31 disapplied.
- 39B Rights of person appointed under section 39A(2).
- 39C Power of appropriate authority to require accounts of past years to be audited.
- 40 Remuneration of qualified auditors.
- Valuations and annual returns
- 41 Valuations.
- 42 Regulations and directions . . . relating to valuations.
- 43 Annual return.
- 44 Copies of annual return to be supplied on demand.
- 45 Copies of balance sheet and valuation to be displayed.
- Investment, funds and property
- 46 Investment of funds.
- 47 Power to set up funds for purchase of Government securities on behalf of members.
- 48 Loans to assured members.
- 49 Loans out of separate loan fund.
- 50 Loans of surplus funds to registered society or branch of different description.
- 51 Power of friendly society to invest in housing association.
- 52 Charitable subscriptions and contributions to other registered societies.
- 53 Holding of land.
- 54 Vesting of property in trustees.
- 55 Power of the Public Trustee to hold securities of certain friendly societies and branches.
- 56 Legal proceedings concerning property.
- 57 Discharge of certain mortgages.
- 57A Discharge of certain mortgages in Northern Ireland.
- 58 Devolution of property on death, resignation or removal of trustee.
- 59 Priority on death, bankruptcy, etc., of officer.
- Membership and rights of members
- 60 Membership of minors.
- 61 Members’ subscriptions not generally recoverable at law.
- 62 Inspection of books by members.
- 63 Accumulation of member’s surplus contributions.
- 63A Register of members of registered friendly societies.
- Benefits: limitations and payment
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- 65A Group insurance business.
- 65B Terms on which benefits are provided by friendly societies.
- 66 Power of member to nominate person to receive sums payable on his death.
- 67 Payment on death of a nominator.
- 68 Devolution of sums due where no nomination.
- 69 Validity of payments.
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- Disputes
- 76 Decision of disputes generally.
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- 78 Statement of case and discovery, etc., of documents.
- 79 Reference of disputes to court otherwise than under rules.
- 80 Disputes arising out of loans of surplus funds to societies of different description.
- Change of name, amalgamation and transfer of engagements and conversion of societies
- 81 Power to change name.
- 82 Amalgamation and transfer of engagements.
- 83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- 84 Conversion of registered societies into companies.
- 84A Conversion of registered societies into industrial and provident societies.
- 85 Conversion of society into branch.
- 86 Meaning and registration of special resolutions.
- Winding-up, suspension of business and inspection
- 87 Power of FCA and of PRA to apply for winding-up of registered friendly societies and branches.
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- 90 Appointment of inspectors and calling of special meetings.
- Cancellation and suspension of registration and dissolution
- 91 Cancellation and suspension of registration.
- 92 Appeals against cancellation and suspension of registration.
- 93 Dissolution of societies and branches.
- 94 Instrument of dissolution.
- 95 Dissolution by award.
- 95A Dissolution of registered friendly societies and branches by award.
- 96 Finality of awards for dissolution or distribution of funds.
- 97 Notice of proceedings or order to set aside dissolution.
- Offences, penalties and legal proceedings
- 98 Offences.
- 99 Punishment of fraud, etc. and recovery of property misapplied.
- 100 Falsification of balance sheets, etc.
- 101 Prosecution of offences, recovery of costs or expenses.
- 102 Jurisdiction of magistrates' courts in Northern Ireland
- 103 Legal proceedings concerning registered societies, etc.
- Miscellaneous
- 104 Fees.
- 104A Fees for inspection or copying of documents.
- 105 Exemptions from stamp duty.
- 105A. Exemption from stamp duty land tax
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- 107 Provision as to information supplied for purposes of national insurance and social security.
- 108 Protection for members of registered societies joining the forces.
- 109 Regulations.
- 110 Evidence and deposit of documents.
- General provisions
- 111 Interpretation.
- 112 Isle of Man.
- 113 Channel Islands.
- 114 Payments to legal representative in Channel Islands and Isle of Man.
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- 116 Amendments, transitory provisions and repeals.
- 117 Short title, commencement and extent.
- SCHEDULES
- SCHEDULE 2 Matters to be provided for by the Rules of Societies registered under this Act
- Part I Provisions Applicable to all Societies
- Part II Provisions Applicable to Friendly Societies and Cattle Insurance Societies
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- SCHEDULE 4 Form of Receipt to be Endorsed on Mortgage or Further Charge
- Schedule 6 Provisions Applicable Where Person Assured is Resident Outside the United Kingdom and Isle of Man
- SCHEDULE 6A CONVERSION OF REGISTERED SOCIETIES INTO INDUSTRIAL AND PROVIDENT SOCIETIES: SUPPLEMENTARY
- SCHEDULE 7 Provisions of Section 107 of this Act to have effect until Coming Into Force of Certain Provisions of the Social Security Act 1973
- SCHEDULE 9 AMENDMENTS OF OTHER ENACTMENTS
- The Friendly Societies Act 1896 (c. 25)
- The Industrial Assurance Act 1923 (c. 8)
- The Industrial Assurance and Friendly Societies Act 1948 (c. 39)
- The Friendly Societies Act 1955 (4 & 5 Eliz. 2. c. 19)
- The Industrial and Provident Societies Act 1965 (c. 12)
- The Administration of Estates (Small Payments) Act 1965 (c. 32)
- The Public Expenditure and Receipts Act 1968 (c. 14)
- The Friendly and Industrial and Provident Societies Act 1968 (c. 55)
- SCHEDULE 10 Transitory Provisions and Savings
- SCHEDULE 11 ENACTMENTS REPEALED
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