SCHEDULES
SCHEDULE 4 Incorporation of Registered Friendly Societies: Supplementary
Effect of incorporation on branches of registered society
8
1
This paragraph applies where the property, rights and liabilities of a branch of the registered society (“the branch”) are all transferred to the incorporated society by section 6(4) above.
2
The provisions of paragraphs 3 to 7 above shall apply in relation to the branch as they apply in relation to the registered society—
a
with the omission from paragraph 4 of the words following “shall determine"; and
b
in paragraph 5, with the substitution for references to the members, officers, trustees or treasurer of the society of references to the corresponding officers of the branch;
and the branch shall be deemed to be dissolved immediately after the transfer of its property, rights and liabilities to the incorporated society.
9
1
This paragraph applies where the property, rights and liabilities of a branch of the registered society are all excluded by virtue of a scheme from transfer to the incorporated society.
2
On incorporation of the registered society, the property, rights and liabilities of the branch shall continue as property, rights and liabilities of the branch (as a branch of the incorporated society).
3
The branch of the incorporated society shall be treated as a continuation of the branch of the registered society; and so on incorporation—
a
any member of the branch shall continue as a member; and
b
any trustee, treasurer or other officer of the branch immediately before incorporation shall continue in office;
but paragraphs (a) and (b) above are without prejudice to anything done after incorporation as respects the membership and officers of the branch.
10
1
This paragraph applies where some of the property, rights and liabilities of a branch of the registered society are transferred to the incorporated society by section 6(4) above and some are excluded from transfer by virtue of a scheme.
2
As respects the property, rights and liabilities transferred from the branch to the incorporated society, the provisions of paragraphs 3, 5, 6 and 7 above shall apply in relation to the branch as they apply in relation to the registered society—
a
with, in paragraph 5, the substitution for references to the members, officers, trustees or treasurer of the society of references to the corresponding officers of the branch; and
b
with the omission of paragraph 7(1).
3
On incorporation of the registered society, the property, rights and liabilities of the branch which are excluded from transfer shall continue as property, rights and liabilities of the branch (as a branch of the incorporated society).
4
As respects the property, rights and liabilities so excluded, the branch shall, after incorporation of the registered society, be treated as a continuation of the branch of the registered society; and so on incorporation—
a
any member of the branch shall continue as a member; and
b
any trustee, treasurer or other officer of the branch shall continue in office;
but paragraphs (a) and (b) above are without prejudice to anything done after incorporation as respects membership and officers of the branch.