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AI Summary of 112. Conversion of society into a company, amalgamation with a company etc

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2014 - onwards
Version 2 of 2

112. Conversion of society into a company, amalgamation with a company etc

(1) A registered society may by special resolution determine to -

(a) convert itself into a company,

(b) amalgamate with a company, or

(c) transfer its engagements to a company.

In this section "company" means a company under the Companies Acts.

(2) A registered society's registration under this Act becomes void and (subject to section 126) must be cancelled by the FCA if the society -

(a) is registered as a company,

(b) amalgamates with a company, or

(c) transfers all its engagements to a company.

(3) Section 113 contains provisions about special resolutions under this section.

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