Friendly, Co-operative and Building Societies

• Original version: <a href='/vid/friendly-co-operative-and-907695888'>Friendly, Co-operative and Building Societies</a>

1. Friendly Societies

The property of a registered Friendly Society vests in the trustees of the Society (Friendly Societies Act, 1896, section 49) and the trustees should in all cases be registered as the owners of the charges belonging to it. No inhibition restricting dealings by the trustees should be entered unless an application for such an inhibition is sought under Rules 64 or 69 of the Land Registration Rules 2012.

On the appointment of a new trustee of a Society, its property vests in the new and continuing trustees without any conveyance or assignment (Act of 1896, section 50).

The evidence required for the registration of a new trustee of a Friendly Society or a branch thereof is prescribed by Rule 84 of the L.R. Rules 2012 which provides that the name of a new trustee of...