Part 9Amalgamations, conversions, dissolution etc
Amalgamations and transfers of engagements between societies F1etc
Annotations:
Amendments (Textual)
C1109Amalgamation of societies
1
Any two or more registered societies may, by special resolution of each of them, become amalgamated together as one society.
2
The amalgamation may involve the dissolution, or division of the funds, of any of the societies.
3
On the amalgamation, the property of each of the societies vests in the amalgamated society without the need for any form of conveyance other than that contained in the special resolution.
4
Section 111 contains provisions about special resolutions under this section.
5
The amalgamation does not prejudice any right of a creditor of any of the societies.
Word in s. 118 heading heading inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 3 para. 52(2) (with ss. 2(2), 5(2))