8U.K.After section 22A of the M1Company Directors Disqualification Act 1986 (application of Act to building societies) there shall be inserted the following section—
“22B Application of Act to incorporated friendly societies.
(1)This Act applies to incorporated friendly societies as it applies to companies.
(2)References in this Act to a company, or to a director or an officer of a company include, respectively, references to an incorporated friendly society within the meaning of the Friendly Societies Act 1992 or to a member of the committee of management or officer, within the meaning of that Act, of an incorporated friendly society.
(3)In relation to an incorporated friendly society every reference to a shadow director shall be omitted.
(4)In the application of Schedule 1 to the members of the committee of management of an incorporated friendly society, references to provisions of the Insolvency Act or the Companies Act include references to the corresponding provisions of the Friendly Societies Act 1992.”
Marginal Citations