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Friendly Societies Act 1992

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

9In section 11 (special provision for future benefits under long term policies) after subsection (3) there shall be inserted the following subsection—

“(3A)This section applies to a long term policy of a closing society as it applies to a long term policy of a company in liquidation but—

(a)with the addition at the end of subsection (3) above of the words “subject to the giving up of any right to a payment on dissolution of the society”; and

(b)in subsection (5) below, with the insertion after the words “insurance company” of the words “or friendly society”.”

Yn ôl i’r brig

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