Industrial and Provident Societies Act 1965 (repealed) (c. 12)

Special restriction on dissolution, etc. E+W+S

59 Restriction on dissolution or cancellation of registration of society. E+W+S

Where a registered society is to be dissolved in accordance with section 55 of this Act, or where a registered society’s engagements are transferred under section 51 or 52 of this Act, the society shall not be dissolved, and the registration of the society shall not be cancelled, until there has been lodged with the [F1 FCA] a certificate signed by the liquidator or by the secretary or some other officer of the society approved by the [F1 FCA] that all property vested in the society has been duly conveyed or transferred by the society to the persons entitled.

Textual Amendments

F1 Word in s. 59 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 2 para. 2(1)(a)(2)(u) (with Sch. 12)

Modifications etc. (not altering text)

C1 S. 59 power to amend or repeal conferred (1.12.2013) by Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c. 7), ss. 4(1)(2)(c)(5)(b), 8(2); S.I. 2013/2936, art. 2