Part III Friendly Societies
140 Friendly societies.
Schedule 11 to this Act shall have effect as respects the regulation of friendly societies.
141 Indemnity schemes.
1
Any two or more registered friendly societies F2or, until the date on which section 97 of the Friendly Societies Act 1992 comes into force, any two or more friendly societies may, notwithstanding any provision to the contrary in their rules, enter into arrangements for the purpose of making funds available to meet losses incurred by any society which is a party to the arrangements or by the members of any such society by virtue of their membership of it.
2
No such arrangements shall come into force unless they have been approved by F3the Friendly Societies Commission.