Industrial and Provident Societies Act 1965 (repealed) (Version in vigour from 2014-12-08 to )

Consolidated Text

As Enacted

Cited authorities 53

Cited in

Currency	No known outstanding effects
Coming into Force	08 December 2014

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Contenidos

Industrial and Provident Societies Act 1965 (repealed)
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.
31: Investments.: A registered society may invest any part of its funds in or upon any security authorised by its registered rules, and also, unless those rules direct otherwise—

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: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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.

SCHEDULES

SCHEDULE 1 Section 1.
Matters to be Provided for in Society’s Rules

SCHEDULE 2
Form of Statement by Society Carrying on Banking

SCHEDULE 3 Sections 33, 34, 35.
Form of Receipt on Mortgage, Heritable Security, Etc.

Part I
Part II

SCHEDULE 4 Section 41.
Forms of Bond for Officers of Society

Part I
Part II

SCHEDULE 5

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Industrial and Provident Societies Act 1965 (repealed) (Version in vigour from 2014-12-08 to )

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