Mutuals’ Redeemable Shares Bill [HL] — First Reading

– in the House of Lords at 3:07 pm on 22nd July 2013.

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A Bill to enable the law relating to societies registered under the Industrial and Provident Societies Act 1965 or the Friendly Societies Act 1992 and certain mutual insurers to be amended to permit and facilitate the use of a new and additional class of redeemable share capital; to provide consequential rights to members of such societies or insurers; and to restrict the voting rights of certain members who hold such shares.

The Bill was introduced by Lord Naseby, read a first time and ordered to be printed.