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Friendly Societies Act 1992

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9(1)This paragraph applies where the property, rights and liabilities of a branch of the registered society are all excluded by virtue of a scheme from transfer to the incorporated society.U.K.

(2)On incorporation of the registered society, the property, rights and liabilities of the branch shall continue as property, rights and liabilities of the branch (as a branch of the incorporated society).

(3)The branch of the incorporated society shall be treated as a continuation of the branch of the registered society; and so on incorporation—

(a)any member of the branch shall continue as a member; and

(b)any trustee, treasurer or other officer of the branch immediately before incorporation shall continue in office;

but paragraphs (a) and (b) above are without prejudice to anything done after incorporation as respects the membership and officers of the branch.

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