Co-operative and Community Benefit Societies Act 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
114 Conversion of society into a company: supplementary
(1) This section applies in relation to the conversion of a society into a company under section 112.
(2) Where—
(a) a special resolution for converting a registered society into a company contains the particulars required by the Companies Acts to be contained in a company's memorandum of association, and
(b) the FCA has registered a copy of it,
a copy of it under the FCA's stamp and seal has the same effect as a memorandum of association duly authenticated under the Companies Acts.
(3) Registration of a registered society as a company does not affect—
(a) any right or claim for the time being subsisting against the society, or
(b) any penalty for the time being incurred by the society.
(4) For the purpose of enforcing any such right, claim or penalty, the society may be sued and proceeded against in the same way as if it had not become registered as a company.
(5) Any such right or claim, and the liability to any such penalty, has priority as against the company's property over all other rights or claim against, or liabilities of, the company.
Your change, as a redline
114 Conversion of society into a company: supplementary
(1) This section applies in relation to the conversion of a society into a company under section 112.
(2) Where—
(a) a special resolution for converting a registered society into a company contains the particulars required by the Companies Acts to be contained in a company's memorandum of association, and
(b) the FCA has registered a copy of it,
a copy of it under the FCA's stamp and seal has the same effect as a memorandum of association duly authenticated under the Companies Acts.
(3) Registration of a registered society as a company does not affect—
(a) any right or claim for the time being subsisting against the society, or
(b) any penalty for the time being incurred by the society.
(4) For the purpose of enforcing any such right, claim or penalty, the society may be sued and proceeded against in the same way as if it had not become registered as a company.
(5) Any such right or claim, and the liability to any such penalty, has priority as against the company's property over all other rights or claim against, or liabilities of, the company.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.