Section 5 (cancellation of registration): societies registered before 26 July 1938E+W+S
2(1)Condition D of section 5 (cancellation of registration) does not apply to a society registered or treated as registered under the 1893 Act before 26 July 1938 if no invitation to subscribe for or to acquire or offer to acquire securities, or to lend or deposit money, has been made on or after that date by or on behalf of the society.E+W+S
(2)See also paragraph 15 of this Schedule (power to apply for winding up of a society on grounds similar to that in Condition D).