82 Disputes arising out of loans of surplus funds to societies of different description
Friendly Societies Act 1992 (1992 c 40) | Legislation

82  Disputes arising out of loans of surplus funds to societies of different description

(1)     Where—

(a)     a registered friendly society or a registered branch (“the lender”) has made or agreed to make advances under section 50 of the 1974 Act to another society or branch (“the borrower”); and

(b)     the lender is by reason of this empowered by the rules of the borrower to take part in the government or control

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