Part 9Amalgamations, conversions, dissolution etc
Dissolution by an instrument of dissolution
121Instruments of dissolution: notification to FCA etc
1
This section applies in relation to an instrument of dissolution within section 119(1).
2
The instrument must be sent to the FCA (and, if the society is a PRA-authorised person, the PRA), accompanied by a statutory declaration that all relevant provisions of this Act have been complied with.
3
The statutory declaration must be made by the society’s secretary and—
a
3 members, or
b
both members (if the society consists solely of 2 registered societies).
4
A copy of any special resolution under section 119—
a
signed by the chair of the second meeting, and
b
countersigned by the society’s secretary,
must be sent to the FCA (and, if the society is a PRA-authorised person, the PRA) within the period of 14 days beginning with the day of the second meeting.
5
6
The FCA must register a copy special resolution received under subsection (4) at the same time as it registers the instrument of dissolution (and any alterations to it).
7
The instrument of dissolution (and any alterations to it) are binding on the society’s members.
8
In this section “the second meeting” has the same meaning as in section 120.