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(1)Every registered society and branch shall have one or more trustees.
(2)The trustees may be appointed—
(a)by a resolution of the society or branch in general meeting; or
(b)in such other manner as the rules of the society or branch may provide.
(3)If a trustee is appointed under subsection (2)(a) above, the society or branch shall send to the [F2FCA] a copy of the resolution appointing him, signed by the trustee so appointed and by the secretary of the society or branch.
(4)If a trustee is appointed under subsection (2)(b) above, the society or branch shall send to the [F2FCA]—
(a)notice of his appointment signed by the secretary of the society or branch; and
(b)an acceptance of office signed by the trustee so appointed.
(5)In the case of the appointment of a trustee of a branch, any document referred to in subsection (3) or (4) above shall be sent to the [F2FCA] through an officer appointed in that behalf by the society of which the branch forms part.
(6)The same person may not be a secretary or treasurer of a registered society or branch and also a trustee of that society or branch.]
Textual Amendments
F1S. 24 substituted (1.1.1994) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para. 9 (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2 Sch. 6.
F2Words in s. 24 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 5 para. 2(1)(a)(2)(g) (with Sch. 12)
A minor shall not be a member of the committee, or a trustee, manager or treasurer, of a registered society or branch.
If any such list as is referred to in section 12(1)(c) above is signed—
(a)by every trustee and other officer named in the list; and
(b)by the secretary of the branch,
then on the registration of the branch the list shall be evidence that the persons so named have been duly appointed.]
Textual Amendments
F3S. 26 substituted (1.2.1993) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para.10 (with ss. 7(5) and 93(4)); S.I. 1993/16, art. 2, Sch. 3.
Textual Amendments
F4Ss. 27, 28 repealed (1.1.1994) by Friendly Societies Act 1992 (c. 40), ss. 95, 120(2), Sch. 16 para. 11, Sch. 22 Pt.I (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6appendix.
Textual Amendments
F5Ss. 27, 28 repealed (1.1.1994) by Friendly Societies Act 1992 (c. 40), ss. 95, 120(2), Sch. 16 para. 11, Sch. 22 Pt.I (with ss. 7(5) and 93(4)); S.I. 1993/2213, art. 2, Sch. 6appendix.