Modifications etc. (not altering text)
C1Part I (ss. 1-64) amended (1.10.1996) by S.I. 1996/2325, art.3
Textual Amendments
F1Words in Pt. I substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 82(1)(2) (with ss. 139(2), 141(1), 143(2)); S.I. 1998/2244, art.5.
(1)An order under section 46(1) may, where the landlord is an industrial and provident society, give the manager power to make and execute on behalf of the society an instrument transferring the engagements of the society.
(2)Any such instrument has the same effect as a transfer of engagements under section 51 or 52 of the M1Industrial and Provident Societies Act 1965 (transfer of engagements by special resolution to another society or a company).
In particular, its effect is subject to section 54 of that Act (saving for rights of creditors).
(3)A copy of the instrument, signed by the manager, shall be sent to the [F2Financial Services Authority and registered by it]; and until that copy is so registered the instrument shall not take effect.
(4)It is the duty of the manager to send a copy for registration within 14 days from the day on which the instrument is executed; but this does not invalidate registration after that time.
Textual Amendments
F2Words in s. 48(3) substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 355
Marginal Citations