Article 47 Direction under section 51 of the Friendly Societies ActI1

United Kingdom

(1)

This article applies where—

(a)

immediately before commencement a friendly society was subject to a direction given under section 51 of the Friendly Societies Act; and

(b)

on commencement, that friendly society has a Part IV permission.

(2)

Subject to paragraph (3), the direction has effect after commencement as if it were a requirement imposed under section 43 that the society refrain from accepting any new members.

(3)

If a direction given under section 51 of the Friendly Societies Act before commencement has, by reason of section 58(3) of that Act, not come into force before commencement—

(a)

that fact does not prevent a person from being treated as subject to the direction for the purposes of this article; but

(b)

the direction has effect as described in paragraph (2) only if the period within which an appeal can be brought against the direction expires without such an appeal being brought.

Annotations

Commencement

I1: Art. 47 in force at 1.12.2001, see art. 1(2)(b)