FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 3 Special provisions as to dividing societies and branches and societies and branches assuring annuities.

	[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here: BAILII >> Databases >> Northern Irish Legislation >> FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 3

Special provisions as to dividing societies and branches and societies and branches assuring annuities.

3.(1) A society or branch shall not be disentitled to registration by reason
of any rule for, or practice of, dividing any part of the funds thereof, if
the rules of the society or branch contain distinct provision for meeting all
claims upon the society or branch existing at the time of the division before
any such division takes place.

(2) Subsection (1) shall not apply to a benevolent society or a working men's
club or to a branch thereof.

(3) A society or branch assuring a certain annuity shall not be entitled to
registration unless the tables of contribution for the assurance, certified by
a qualified actuary, are sent to the registrar with the application for
registration.

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/fsai1970361/s3.html

Northern Irish Legislation

FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 3