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Friendly Societies Act 1992
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1(1)A friendly society which desires—U.K.
(a)to amalgamate under section 85 above; or
(b)to transfer its engagements to any person, or to undertake to fulfil the engagements of another friendly society, under section 86 above;
shall, subject to sub-paragraph (2) below, send a statement concerning the matters specified in paragraph 2 below to every member entitled (when the statements are sent) to vote on any resolution required by section 85, 86 or 90.
(2)Sub-paragraph (1) above does not apply, in the case of a friendly society desirous of undertaking to fulfil another society’s engagements, where the [F1appropriate authority] has consented under section 86(3)(b) or 90(2)(b) above to its proceeding by resolution of the committee of management.
(3)The statement referred to in sub-paragraph (1) above shall be sent so as to arrive no later than 14 days (or such longer period as the rules may require for notice of any resolution required by section 85, 86 or 90 above) before—
(a)the meeting at which any such resolution is to be moved; or
(b)where proxy voting is permitted, such earlier date as may be specified by the society, under its rules, as the final date for the receipt of [F2appointments of proxies] to vote at the meeting.
(4)If it appears to the [F1appropriate authority] that it is impractical to include the summary mentioned in paragraph 2(1)(d) below in the statement referred to in sub-paragraph (1) above, the [F1appropriate authority] may direct that the summary shall be sent separately from that statement within such period as the [F1appropriate authority] may specify in the direction.
Textual Amendments
F1Words in Sch. 15 para. 1 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 56(2) (with Sch. 12)
F2Words in Sch. 15 para. 1(3)(b) substituted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 21(1)(c)
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