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FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 77

Meaning and registration of special resolutions.

77.(1) If it appears to the registrar to be expedient to do so in the
interests of the members of a registered friendly society or branch or of the
public, he may appoint an inspector to investigate and report on the affairs
of the society or branch, and for that purpose the inspector may exercise in
respect of the society or branch all or any of the powers conferred by
subsection (6) of section 76 on an inspector appointed under that section.

(2) If on receiving the report of an inspector appointed by him under this
section, it appears to the registrar that it is in the interests of the
members of the society or branch or of the public that the society or branch
should be wound up, the registrar may present a petition to the High Court for
the society or branch to be wound up by the court in accordance with the
Companies Act (Northern Ireland) 1960 if the court is of opinion that it is
just and equitable that the society or branch should be wound up.

(3) The registrar may, if he considers it just, direct that all or any of the
expenses of and incidental or preliminary to an investigation under this
section shall be defrayed out of the funds of the society or branch, or by the
members or officers, or former members or officers, of the society or branch
in such proportions as he may direct.

Subs.(4) rep. by 1979 NI 13 art.55 sch.10

© 1970 Crown Copyright

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