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.