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Changes over time for: Section 87
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Version Superseded: 17/08/2001
Status:
Point in time view as at 28/04/1993. This version of this provision has been superseded.
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Changes to legislation:
There are currently no known outstanding effects for the Friendly Societies Act 1974, Section 87.
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[87Power of Commission to apply for winding-up of registered friendly societies and branches.U.K.
(1)If, on receiving the report on the state and conduct of the activities of a registered friendly society from a person appointed under section 65 of the 1992 Act, it appears to the Commission that it is in the interests of the members of the society or of the public that the society should be wound up, then, unless the society is already being wound up by the court, the Commission may present a petition to the High Court or, in Scotland, to the Court of Session for the society to be wound up by the court in accordance with the Insolvency Act 1986 or, as the case may be, the Insolvency (Northern Ireland) Order 1989 if the court thinks it just and equitable that this should be done.
(2)Subsection (1) above applies in relation to a registered branch of a registered friendly society as it applies in relation to such a society.]
Textual Amendments
Modifications etc. (not altering text)
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