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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 68

1937 c.8

68.(1) Where a registered society or branch (in this section referred to as
"the lender") has made or agreed to make advances under section 42 to another
society or branch (in this section referred to as "the borrower") and
the lender is by reason thereof empowered by the rules of the borrower to take
part in the government or control of the borrower, then, subject to subsection
(2), sections 64 to 67 shall apply in relation to the determination of any
dispute between the lender and the borrower, being a dispute relating to any
such advance or agreement or to the rights of the lender or an officer thereof
under the rules of the borrower, as if the borrower were a branch of
the lender.

(2) Where sections 64 to 67 apply by virtue of subsection (1),

(a)references in those sections to the rules of the society or branch are
references to the rules of the borrower; and

(b)section 64(1) shall not prevent the bringing of legal proceedings for the
determination of any such dispute as is referred to in subsection (1) unless,
before the commencement of the proceedings, application has been made for a
reference under the rules of the borrower, and any such proceedings may be
brought in a county court, whether or not the court would apart from this
provision have jurisdiction to entertain them; and

(c)any application under section 67(1) must be made to the county court and
not to a court of summary jurisdiction.

Reference of disputes to court otherwise than under rules.

© 1970 Crown Copyright

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