SCHEDULE 3 Establishment, Incorporation and Constitution of Incorporated Friendly Societies
Friendly Societies Act 1992 (1992 c 40) | Legislation

SCHEDULE 3 Establishment, Incorporation and Constitution of Incorporated Friendly Societies

Section 5

Requirements for establishment and incorporation

1

(1)     Any 7 or more persons may establish a society under this Act by taking the following steps—

(a)     agreeing upon the purposes of the society and upon the extent of its powers in a memorandum the provisions of which comply with the requirements of this Schedule;

(b)     agreeing upon rules for the regulation of the society which comply with the requirements of this Schedule; and

(c)     sending to the [FCA] 3 copies of the memorandum and the rules, each copy signed by at least 7 of those persons (or, if there are only 7, by all of them) and (unless the secretary is to be elected) by the intended secretary.

(2)     Where two or more friendly societies propose to amalgamate under section 85 above, they shall establish their successor society by—

(a)     agreeing upon the purposes of their successor and upon the extent of its powers in a memorandum the provisions of which comply with the requirements of this Schedule;

(b)     agreeing upon rules for the regulation of their successor which comply with the requirements of this Schedule;

(c)

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