# Friendly Societies Act 1992, Paragraph 17


A failure to comply with a relevant requirement of this Act or any rules of a friendly society shall not invalidate any amalgamation, transfer of engagements or conversion; but a society which—
(a) participates in an amalgamation or transfer or converts into a company; and
(b) fails without reasonable excuse to comply with such a requirement;
shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 4 on the standard scale.

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Source: https://www.legislation.gov.uk/ukpga/1992/40/schedule/15/paragraph/17 (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1992/schedule-15/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.