Friendly Societies Act 1992

[F1Holdings in subsidiary undertakingsU.K.

2.(1)There must be stated in relation to shares of each class held by the society in a subsidiary undertaking—U.K.

(a)the identity of the class; and

(b)the proportion of the nominal value of the shares of that class represented by those shares.

(2)The shares held by or on behalf of the society itself must be distinguished from those attributed to the society which are held by or on behalf of a subsidiary undertaking.]