Law commission consultation reviewing the Friendly Societies Act 1974 and 1992 - Chapter 11: Exit from the market - Ministry of Justice

Consultation Question 63: We invite consultees’ views on whether existing mechanisms for solvent exit under the 1974 Act and 1992 Act are sufficient or whether reform is needed.

Yes, the existing mechanisms are sufficient No, the existing mechanisms are not sufficient; reform is needed Other

Please explain your selection above:

Consultation Question 64:

Assuming that the 1974 Act is retained, we provisionally propose that a creditor of a registered society should have the right to petition the court to wind up an insolvent society. Do consultees agree?

Yes No Other

Please explain your selection above:

We invite consultees’ views on whether members of a society registered under that Act should be permitted to petition the court for a winding up of the society, and if so under what circumstances should this be possible

Yes, members should be so permitted No, members should not be so permitted Other

Please explain your selection above. If you selected "yes", please explain the circumstances in which members should be permitted to petition the court for a winding up of a society registered under the 1974 Act:

We invite consultees’ views on whether it is necessary to clarify that section 95 of the 1974 Act applies only to registered societies other than registered friendly societies.

Yes, it is necessary No, it is not necessary Other

Please explain your selection above: