3(1)A friendly society which desires to convert into a company under section 91 above shall send a statement concerning—
(a)such matters as may be prescribed in regulations made by the Commission with the consent of the Treasury; and
(b)such other matters as may be required by the Commission in the case of the particular conversion;
to every member entitled (when the statements are sent) to vote on any resolution required by subsection (2) of that section.
(2)Regulations under sub-paragraph (1) above may include among the prescribed matters any alternatives to a proposed conversion which may be available.