91 Conversion of friendly society into company
Friendly Societies Act 1992 (1992 c 40) | Legislation

Conversions

91  Conversion of friendly society into company

(1)     A friendly society may, in accordance with this Part of this Act, convert itself into a company registered under [the Companies Act 2006] (“a company”).

(2)     In order to convert itself into a company a friendly society must—

(a)     comply with the applicable requirements of Part I of Schedule 15 to this Act;

(b)     approve the proposed conversion, the terms on which it is to take place and the proposed memorandum and articles of association for the Company by special resolution; and

(c)     obtain the confirmation of the [appropriate authority] of the conversion;

and, on obtaining that confirmation, the society may apply for registration as a company.

[(2A)     The PRA must consult the FCA before

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