# Industrial and Provident Societies Act 1965 (repealed) 1965 c. 12 · enacted 2 June 1965 · revised to 8 December 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/industrial-and-provident-societies-act-1965-repealed/pdf/ukpga_19650012_en.pdf ## Introductory text . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Registered societies ## 1 Societies which may be registered. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Registration of society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Registration to effect incorporation of society with limited liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Existing societies deemed to be registered. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4A Pre-2010 Act societies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Name and maximum shareholding ## 5 Name of society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5A Status of charitable societies to appear on correspondence etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Maximum shareholding in society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Operations of registered society ## 7 Carrying on of banking by societies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Capacity of society and power of committee to bind it ## 7A Capacity of society not limited by its rules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7B Power of committee to bind society . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7C No duty to enquire as to capacity of society or authority of committee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7D Application of sections 7A and 7B to charitable societies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7E Transactions with committee members and other persons in excess of powers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7F Definitions relating to section 7E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Provisions as to rules ## 9 Acknowledgment of registration of rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Amendment of registered rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Rules as to fund for purchase of government securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Rules of agricultural, horticultural or forestry society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Supplementary provisions as to rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Rules to bind members. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Provision of copies of rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Cancellation, suspension or refusal of registration of society or rules ## 16 Cancellation of registration of society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Suspension of registration of society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Appeal from refusal, cancellation or suspension of registration of society or rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Membership and special provisions affecting members ## 19 Bodies corporate as members of society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Members under 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Advances to members. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Remedy for debts from members. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Nomination to property in society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Proceedings on death of nominator. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Provision for intestacy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Payments in respect of mentally incapable persons. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Validity of payment to persons apparently entitled. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Contracts, property, et ceteralaetc., of society ## 28 Promissory notes and bills of exchange. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Contracts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29A Purported contracts, deeds and obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29B Common seal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29C Methods for execution of documents: England and Wales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29D Execution of documents: Scotland. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29E Power of society to have official seal for use abroad. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29F Effect of use of official seal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29G Authorisation of use of official seal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Holding of land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Proxy voting by societies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Discharge of mortgages in England and Wales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Discharge of securities in Scotland. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Receipt on payment of moneys secured to a society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Execution of deeds in Scotland. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Accounts, et ceteralaetc. ## 37, 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Annual returns. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39A Year of account (existing registrations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39B Year of account (new registrations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Display of latest balance sheet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Officers, receivers, et ceteralaetc. ## 41 Security by officers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Duty of officers of society to account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Duties of receiver or manager of society’s property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43A Floating charge holder not to appoint administrative receiver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Registers, books, et ceteralaetc. ## 44 Register of members and officers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Restriction on inspection of books. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Inspection of books by members, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Inspection of books by order of registrar. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Production of documents and provision of information for certain purposes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 Appointment of inspectors and calling of special meetings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amalgamations, transfers of engagements and conversions ## 50 Amalgamation of societies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 Transfer of engagements between societies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Conversion into, amalgamation with, or transfer of engagements to company. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Conversion of company into registered society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Saving for rights of creditors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Dissolution of society ## 55 Dissolution of society . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Power of FCA and PRA to petition for winding up. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Liability of members in winding up. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 Instrument of dissolution. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Special restriction on dissolution, et ceteralaetc. ## 59 Restriction on dissolution or cancellation of registration of society. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Disputes, offences and legal proceedings ## 60 Decision of disputes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 General offences by societies, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Offences by societies to be also offences by officers, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Continuing offences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 64 Punishment of fraud or misappropriation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 65 Penalty for falsification. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 Institution of proceedings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 67 Recovery of costs, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 68 Service of process. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Miscellaneous and general ## 69 Remuneration of county court registrars. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70A Fees for inspection or copying of documents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72 Form, delivery and evidence of documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72A Form etc. of electronic documents ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 Interpretation—general. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74A Meaning of “electronic form”, “by electronic means” etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 Channel Islands. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 76 Northern Ireland societies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 77 Repeals and savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 78 Short title, extent and commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 1: Matters to be Provided for in Society’s Rules ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 2: Form of Statement by Society Carrying on Banking ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 3: Form of Receipt on Mortgage, Heritable Security, Etc. ## Forms applicable in England and Wales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Forms applicable in Scotland . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 4: Forms of Bond for Officers of Society ## Forms applicable in England, Wales and the Channel Islands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Form applicable in Scotland . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/ukpga/1965/12 (the official version) Page: https://openlegislation.uk/industrial-and-provident-societies-act-1965-repealed Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.