Paragraph 59

(1)

Section 48(2) (powers of the manager: transfer of engagements) is amended as follows.

(2)

For “section 51 or 52 of the Industrial and Provident Societies Act 1965” substitute “ section 110 or 112 of the Co-operative and Community Benefit Societies Act 2014 ”.

(3)

For the second sentence substitute—

“In particular, it does not prejudice any right of a creditor of the society.”