OpenLegislation

Paragraph 4 F1F2

United Kingdom

(1)

Any agreement made by the society or any branch of it which is in force immediately before the society’s registration shall have effect as if—

(a)

for references to members of the society or branch there were substituted references to members of the F3new society;

(b)

for references to officers of the society or branch other than its trustees there were substituted references to the corresponding officers of the new society; and

(c)

for references to the trustees of the registered society or branch there were substituted references to the new society.

(2)

References in sub-paragraph (1) above to an agreement include references to a deed, bond or other instrument.

(3)

It is hereby declared for the avoidance of doubt that—

(a)

the effect of section 84A of this Act in relation to any contract of employment with the society or any of its branches in force immediately before the society’s registration is merely to modify the contract by substituting the new society as the employer (and not to terminate the contract or vary it in any other way); and

(b)

that section is effective to vest the rights and liabilities of the society or branch under any agreement or arrangement for the payment of pensions, allowances or gratuities in the new society along with all other rights and liabilities of the society or branch;

and accordingly any period of employment with the society or branch shall count for all purposes as a period of employment with the new society.

Annotations

Textual amendments

F1

Sch. 6A inserted (1.2.1993) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para.52 (with ss. 7(5) and 93(4)); S.I. 1993/16, art. 2, Sch. 3.

F2

Sch. 6A inserted (1.2.1993) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para.52 (with ss. 7(5) and 93(4)); S.I. 1993/16, art. 2, Sch. 3.

F3

Words in Sch. 6A para. 4 substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 30(4) (with Sch. 5)