Section 97 Notice of proceedings or order to set aside dissolution.
United Kingdom
Where any person takes proceedings to set aside the dissolution of a society or branch, he shall give notice of the proceedings to the F1FCA and, if the society or branch is a PRA-authorised person, the PRA not later than the expiry of whichever of the following periods first expires, namely,—
the period of seven days after the commencement of the proceedings; and
the period of three months referred to in section 94(7)(a) above or, as the case may require, section 95(6)(a) F2or 95A(4)(a) above.
Where an order is made setting aside the dissolution of a society or branch, the society or branch shall give notice of the order to the FCA and, if the society or branch is a PRA-authorised person, the PRA within seven days after the order is made.
Annotations
Textual amendments
- F1
Words in s. 97 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 5 para. 20 (with Sch. 12)
- F2
Words in s. 97(1)(b) inserted (28.4.1993) by Friendly Societies Act 1992 (c. 40), s. 95, Sch. 16 para. 41 (with ss. 7(5) and 93(4)); S.I. 1993/1186, art. 2, Sch. 3.