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SCHEDULES

SCHEDULE 10U.K. Application of Companies Winding Up Legislation to Incorporated Friendly Societies

Part IIIU.K. Modified Application of Insolvency (Northern Ireland) Order 1989

Winding up by the High CourtU.K.

51(1)In Article 105 (powers of High Court on hearing of petition) of the Order, paragraph (1) applies with the omission of the words from “but the Court" to the end of the paragraph.U.K.

(2)The conditions which the Court may impose under Article 105 of the Order include conditions for securing—

(a)that the incorporated friendly society be dissolved by consent of its members under section 20 above; or

(b)that the society amalgamates with, or transfers its engagements to, another friendly society under section 85 or 86 above; or

(c)that the society converts itself to a company under section 91 above,

and may also include conditions for securing that any default which occasioned the petition be made good and that the costs of the proceedings on that petition be defrayed by the person or persons responsible for the default.