SCHEDULES
SCHEDULE 10 Application of Companies Winding Up Legislation to Incorporated Friendly Societies
Part II Modified Application of Insolvency Act 1986 Parts IV F2, F16, 7, 12 and 13F1and Schedule 10
Annotations:
Amendments (Textual)
F1
Words in Sch. 10 Pt. II heading inserted (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 3(a)
Members of a friendly society as contributories in winding up
7
1
Section 74 (liability of members) of the Act is modified as follows.
2
In subsection (1), the reference to any past member shall be omitted.
3
Paragraphs (a) to (d) of subsection (2) shall be omitted; and so shall subsection (3).
4
The extent of the liability of a member of an incorporated friendly society in a winding up shall not exceed the extent of his liability under paragraph 8 of Schedule 3 to this Act.
Words in Sch. 10 Pt. II heading substituted (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 3(a)