Part 4A society's capacity and related matters
Capacity of society and power of committee to bind it
49Section 48: definitions
1
This section supplements section 48.
2
“The appropriate court”, in relation to a registered society, means the court having jurisdiction to wind up the society under the provisions of the Insolvency Act 1986 as applied by section 123.
3
“Transaction” includes any act.
4
The reference in section 48(1) to limitations under the society's registered rules includes limitations deriving—
a
from a resolution of the society in general meeting or a meeting of any class of members, or
b
from any agreement between the members of the society or of any class of members.
5
Sections 252 to 255 of the Companies Act 2006 apply for the purposes of references to a person's being “connected” with a committee member—
a
as if any reference to a director of a company were to a member of a committee of a registered society, and
b
subject to such other adaptations and modifications as may be specified by regulations made by the Treasury under this section.