170
In forceCertificate of confirmation (voluntary transfer)
Part 9Mergers and transfers of engagements
170 Certificate of confirmation (voluntary transfer)
(1)
This section applies to a transfer of engagements following an application under section 168.
(2)
The registrar must issue a certificate of confirmation if the registrar is satisfied that—
(a)
the societies have complied with section 168; and
(b)
the rules, or proposed rules, of the transferee society are adequate; and
(c)
the certificate of incorporation of the transferor society has been—
(i)
surrendered to the registrar; or
(ii)
lost or destroyed; and
(d)
there is no good reason why the transfer should not take effect.
This Act’s bill:Explanatory memorandum
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