# Friendly Societies Act 1974, Paragraph 3

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

(1) Subject to sub-paragraphs (2) and (3) below, the whole of the objects for which the society is to be established, the purposes for which the funds thereof shall be applicable, the terms of admission of members, the conditions under which any member may become entitled to any benefit assured by the society, and . . . forfeitures to be imposed on any member and the consequences of non-payment of any subscription . . ..
(2) Nothing in sub-paragraph (1) above shall require the inclusion in the rules of a registered society of tables relating to the benefits payable to or in respect of any members of the society in pursuance of group insurance business.
(3) Nothing in sub-paragraph (1) above shall prevent a registered friendly society from specifying in its rules the manner in which the conditions under which any member may become entitled to any benefit assured by the society are to be determined, instead of specifying the conditions themselves.

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Source: https://www.legislation.gov.uk/ukpga/1974/46/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1974/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.