Section 11: Rules as to fund for purchase of government securities.

Industrial and Provident Societies Act 1965 · 1965 c.12

This provision is repealed

It is retained for historical reference and may not reflect the law currently in force.

REPEALED on 2014-08-01 by Community Benefit Societies Act 2014.
The text below is from the dated revised snapshot immediately preceding this status change. It is historical and is not current law. View the historical source.

11(1)

The rules of a society registered or to be registered under this Act may make provision for the setting up and administration by the society of a fund for the purchase on behalf of members contributing to the fund of defence bonds or national saving certificates or such other securities of Her Majesty’s Government in the United Kingdom as may for the time being be prescribed under section 47(1) of the Friendly Societies Act 1974 by the Treasury; and any such rules may make provision for enabling persons to become members of the society for the purpose only of contributing to that fund and without being entitled to any rights as members other than rights as contributors to that fund.

11(2)

Any rule which, immediately before the commencement of this Act, was included among the registered rules of a registered society by virtue of section 8(3) of the Societies (Miscellaneous Provisions) Act 1940 shall have effect as if it had been duly passed by the society.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.