OpenLegislation

Paragraph 8 I1

(1)

The liability of a member of an incorporated friendly society is limited to the amount of any subscription to the society which is outstanding.

(2)

No subscription of a member of an incorporated friendly society shall be recoverable at law except on the winding up of the society.

Annotations

Commencement

I1

Sch. 3 para. 8 wholly in force; Sch. 3 para. 8 not in force at Royal Assent see s. 126(2); Sch. 3 para. 8 in force at 1.2.1993 by S.I. 1993/16, art. 2, Sch. 3