3(1)A friendly society which desires to convert into a company under section 91 above shall send a statement concerning—U.K.
(a)such matters as may be prescribed in regulations made by the F1. . . Treasury; and
(b)such other matters as may be required by the [F2appropriate authority] in the case of the particular conversion;
to every member entitled (when the statements are sent) to vote on any resolution required by subsection (2) of that section.
(2)Regulations under sub-paragraph (1) above may include among the prescribed matters any alternatives to a proposed conversion which may be available.
Textual Amendments
F1Words in Sch. 15 para. 3(1)(a) repealed (1.12.2001) by S.I. 2001/2617, arts. 2, 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F2Words in Sch. 15 para. 3 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)
Modifications etc. (not altering text)
C1Sch. 15 para. 3(1)(a): Functions of the Friendly Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617, arts. 2(b), 4(1), Sch. 1 Pt. II (with art. 5); S.I. 2001/3538, art. 2(1)