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SCHEDULES

SCHEDULE 3U.K. Establishment, Incorporation and Constitution of Incorporated Friendly Societies

Liability of membersU.K.

8(1)The liability of a member of an incorporated friendly society is limited to the amount of any subscription to the society which is outstanding.U.K.

(2)No subscription of a member of an incorporated friendly society shall be recoverable at law except on the winding up of the society.

Commencement Information

I1Sch. 3 para. 8 wholly in force; Sch. 3 para. 8 not in force at Royal Assent see s. 126(2); Sch. 3 para. 8 in force at 1.2.1993 by S.I. 1993/16, art. 2, Sch. 3