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Friendly Societies Act 1974
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[F124 Trustees of registered societies and branches.U.K.
(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)
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