{
  "url": "https://openlegislation.uk/draft-mutual-societies-transfers-order-2009/article-13",
  "json_url": "https://openlegislation.uk/draft-mutual-societies-transfers-order-2009/article-13.json",
  "legislation": "ukdsi/2009/9780111472927",
  "legislation_title": "The Mutual Societies (Transfers) Order 2009",
  "legislation_url": "https://openlegislation.uk/draft-mutual-societies-transfers-order-2009",
  "path": "article/13",
  "kind": "article",
  "number": "13",
  "heading": "Modified application of sections 102B and 102C of the 1986 Act",
  "text": "(1) Section 102B of the 1986 Act (protection of interests of beneficiaries in the case of trustee account holders) applies in relation to a relevant transfer with the following modifications—\n(a) in subsection (2), for paragraph (a) substitute—\n“(a) a distribution among members of the society of part of the funds of the society or the holding mutual made in accordance with section 4 of the 2007 Act and article 7 of the 2009 Order, but not a distribution within section 100(2)(b), or”;\n(b) in subsection (3), for “and its successor” substitute “, its successor and the holding mutual”;\n(c) in subsection (6), for “and its successor” substitute “, its successor and the holding mutual”.\n(2) Section 102C of the 1986 Act (consequences of false declaration) applies in relation to a relevant transfer with the following modifications—\n(a) in subsection (1)(b)(i), after “the society’s successor” insert “or the holding mutual”;\n(b) in subsection (2), after “the successor”, in each place where it occurs, insert “or the holding mutual”;\n(c) in subsection (4), after “the successor”, in each place where it occurs, insert “or the holding mutual”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 102B was inserted by the Building Societies (Distributions) Act 1997, section 1."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 102C was inserted by the Building Societies (Distributions) Act 1997, section 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2009/9780111472927/article/13",
    "retrieved_at": "2026-10-30T14:58:08.994724+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}