Paragraph 114

(1)

Section 3 (transfers to subsidiaries of other mutuals) is amended as follows.

(2)

In subsection (10) for paragraph (c) substitute—

“(c)
a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014;”.

(3)

In subsection (11) for paragraph (c) substitute—

“(c)
sections 112 to 114 of the Co-operative and Community Benefit Societies Act 2014;”.