155Certificate of confirmation (voluntary transfer)

155 Certificate of confirmation (voluntary transfer)

155 Certificate of confirmation (voluntary transfer)

(1) This section applies to a transfer of engagements following an application under section 153 (Application for registration of merger or transfer of engagements between societies of the same type).

(2) For a total transfer of engagements, the Registrar must issue a certificate of confirmation if the Registrar is satisfied that—

(a) the societies have complied with section 153, 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.

(3) For a partial transfer of engagements, the Registrar must issue a certificate of confirmation if the Registrar is satisfied that—

(a) the societies have complied with section 153, and

(b) the rules, or proposed rules, of the societies are adequate, and

(c) there is no good reason why the transfer should not take effect.

s 155: Am 1999 No 2, Sch 4 [5].