Section 7E Definitions relating to section 7DF1

Northern Ireland

(1)

In section 7D “transaction” includes any act; and the reference in subsection (1) of that section to limitations under the society's registered rules includes limitations deriving—

(a)

from a resolution of the society in general meeting or a meeting of any class of members; or

(b)

from any agreement between the members of the society or of any class of members.

(2)

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

F3Sections 252 to 255 of the Companies Act 2006(connected persons) shall apply for the purposes of references in section 7D(1) to a person's being “connected” with a member of the committee F4. . . , but shall so apply—

(a)

as if any reference to a director of a company were a reference to a member of the committee of a registered society; and

(b)

subject to such other adaptations and modifications as may be prescribed.

(4)

In section 7D(8) “the court”, in relation to a registered society, means the court having jurisdiction to wind up the society under the provisions of the Insolvency (Northern Ireland) Order 1989 (NI 19) as applied by section 64.

Annotations

Textual amendments

F1: Ss. 7A-7E and preceding cross heading inserted (1.7.2006) by Industrial and Provident Societies (Northern Ireland) Order 2006 (S.I. 2006/314 (N.I. 3)), arts. 1(3), 4; S.R. 2006/242, art. 2
F2: S. 7E(2) omitted (1.10.2009) by virtue of Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 21(3)(a) (with art. 10)
F3: Words in s. 7E(3) substituted (1.10.2009) Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 21(3)(b)(i) (with art. 10)
F4: Words in s. 7E(3) omitted (1.10.2009) by virtue of Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 21(3)(b)(ii) (with art. 10)

Notes on the whole Act

Textual amendments

F1: Act: "The Industrial and Provident Societies (N.I.) Act 1969 may be cited as The Co-operative and Community Benefit Societies Act (N.I.) 1969" (6.4.2018) by virtue of Credit Unions and Co-operative and Community Benefit Societies Act (NorthernIreland) 2016 (c. 16), ss. 8(2), 17(2) (with Sch. 2 paras. 2, 3); S.R. 2017/217, art. 2(b)
F2: 1981 NI 3