Co-operatives and Community Benefit Societies Act 2003 Act 2003 Elizabeth II. Chapter 15

Corporate Author:
Great Britain
TSO (The Stationery Office)

This Act amends the law relating to societies registered under the Industrial and Provident Societies Act 1965, which offer an alternative corporate structure to companies regulated under the Companies Acts. These societies relate to co-operatives and community benefit societies which carry out a wide range of services, including retail societies, agricultural societies, housing associations or working men's clubs. The Act includes provisions: to ensure that members of a community benefit society can vote to prohibit irrevocably the distribution of assets other than for the benefit of the community; to bring aspects of industrial and provident society legislation into line with the position in company law in order to provide protection for those dealing with societies from adverse consequences if a society or its committee were found to have acted outside the society's rules, as well as in relation to how societies execute deeds and documents and enter into contracts. The Act was introduced as a private member's bill by Mr Mark Todd MP and sponsored in the Lords by Lord Carter.

Extent [2], 13p. ISBN 9780105415039
Size N/A Price £9.75
Format Paperback Published 16 Jul 2003
Availability Black and white copy, 1-3 days Delivery Delivery options and charges