The Mutual Societies (Electronic Communications) Order 2011

Transfers of engagements: electronic transmission of statement to members

This section has no associated Explanatory Memorandum

17.  In Part 1 of Schedule 15 to the 1992 Act (amalgamations, transfers of engagements and conversion: supplementary), after paragraph 4 insert—

4A.(1) A society is to be regarded as sending a member—

(a)the statement required by paragraph 1; or

(b)the statement required by paragraph 3,

if it makes the statement available to the member on a website; and the end date for the purposes of section 119AB(4)(b) is the day falling 28 days after the later of the two dates referred to in section 119AB(4)(a).

(2) If the statement is absent from a website for part of the period referred to in section 119AB(4), and the absence is disregarded for the purposes of section 119AB(5), that absence does not invalidate—

(a)the proceedings of a meeting of the society,

(b)a subsequent amalgamation of the society,

(c)a transfer of engagements by or to the society, or

(d)a conversion of the society into a company..