# Financial Services Act 1986 (repealed), Section 141: Indemnity schemes.

Extent: E+W+S+N.I.

(1) Any two or more registered friendly societies or, until the date on which section 97 of the Friendly Societies Act 1992 comes into force, any two or more friendly societies may, notwithstanding any provision to the contrary in their rules, enter into arrangements for the purpose of making funds available to meet losses incurred by any society which is a party to the arrangements or by the members of any such society by virtue of their membership of it.
(2) No such arrangements shall come into force unless they have been approved by the Friendly Societies Commission.

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Source: https://www.legislation.gov.uk/ukpga/1986/60/section/141 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/section-141
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.