Section 107 Section 106: examinations and special meetingsC1

(1)

This section supplements section 106.

(2)

An inspector may—

(a)

require the production of any (or all) of the society's books, accounts, securities and documents;

(b)

examine on oath its officers, members, agents and employees in relation to its business (and may for that purpose administer oaths).

(3)

The FCA may direct—

(a)

the time and place of a special meeting;

(b)

the matters to be discussed and determined at the meeting.

(4)

A special meeting has—

(a)

all the powers of a meeting called in accordance with the society's rules;

(b)

the power to appoint its own chair (despite anything in the society's rules).

Annotations

C1: S. 107 applied by 1979 c. 34, s. 18(3) (as amended (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 9(3) (with Sch. 5))