Any two or more registered societies may, by special resolution of each of them, become amalgamated together as one society.
The amalgamation may involve the dissolution, or division of the funds, of any of the societies.
On the amalgamation, the property of each of the societies vests in the amalgamated society without the need for any form of conveyance other than that contained in the special resolution.
Section 111 contains provisions about special resolutions under this section.
The amalgamation does not prejudice any right of a creditor of any of the societies.