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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 45 

Holding of land.

45. A registered society or branch may, if its rules so provide, hold,
purchase or take on lease in the names of the trustees of the society or
branch any land, and may dispose of or mortgage any such land and erect, alter
or pull down buildings on it, and

(a)no purchaser, assignee, mortgagee or tenant shall be bound to inquire as to
the authority for any disposal or mortgage by the trustees; and

(b)the receipt of the trustees shall be a discharge for all sums of money
arising from, or in connection with, any such disposal or mortgage.

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© 1970 Crown Copyright

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