Industrial and Provident Societies Act 1965 (repealed) Registered societies Societies which may be registered. 1 .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