# Friendly Societies Act 1992, Section 15: Holding of land for purposes other than investment.


An incorporated friendly society may acquire and hold land—
(a) for the purpose of carrying on any of its activities; or
(b) for the purpose of enabling a subsidiary of the society, or a body jointly controlled by it, to conduct its business;
and may dispose of, or otherwise deal with, any land so held by it.

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