# Finance (No. 2) Act 1992, Paragraph 12


In section 465 (old societies) the following subsection shall be added at the end—
“(6) If a registered friendly society in respect of which a direction is in force under subsection (4) above becomes an incorporated friendly society, the direction shall continue to have effect, so that the incorporated friendly society shall be treated for the purposes of this Act as a new society.”

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Source: https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-1992/schedule-9/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.