C1Part 2Regulation of Social Housing

Annotations:
Modifications etc. (not altering text)

Chapter 4Registered providers

Insolvency etc.

I1157Manager of F5registered society: extra powers

1

This section applies to a manager appointed to implement proposals relating to F4a registered society.

2

The appointment may confer on the manager power to make and execute on behalf of the society—

a

an instrument providing for the amalgamation of the society with another F5registered society, or

b

an instrument transferring its engagements.

3

An instrument providing for the amalgamation of a society (“S1”) with another has the same effect as a resolution by S1 under F2section 109 of the Co-operative and Community Benefit Societies Act 2014 (amalgamation of societies by special resolution).

4

An instrument transferring engagements has the same effect as a transfer of engagements under F3section 110 or 112 of the Co-operative and Community Benefit Societies Act 2014 (transfer by special resolution to another society or company).

5

A copy of the instrument shall be sent to and registered by the F1Financial Conduct Authority.

6

An instrument does not take effect until the copy is registered.

7

The copy must be sent for registration during the period of 14 days beginning with the date of execution; but a copy registered after that period is valid.