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
26 Power to hold land etc
(1) A registered society may—
(a) (unless its registered rules provide otherwise) hold, purchase or take a lease of any land in its own name;
(b) sell, exchange, mortgage or lease any such land;
(c) construct, alter or demolish buildings on it.
(2) No purchaser, assignee, mortgagee or tenant is bound to inquire as to the authority for any such dealing with the land by the society.
(3) The society's receipt is a discharge for all moneys arising from or in connection with any such dealing.
(4) In Scotland, this section has effect as if—
(a) for “exchange” there were substituted “ excamb ”;
(b) for “mortgage” there were substituted “ grant a heritable security over ”;
(c) for “mortgagee” there were substituted “ creditor in a heritable security ”.
Your change, as a redline
26 Power to hold land etc
(1) A registered society may—
(a) (unless its registered rules provide otherwise) hold, purchase or take a lease of any land in its own name;
(b) sell, exchange, mortgage or lease any such land;
(c) construct, alter or demolish buildings on it.
(2) No purchaser, assignee, mortgagee or tenant is bound to inquire as to the authority for any such dealing with the land by the society.
(3) The society's receipt is a discharge for all moneys arising from or in connection with any such dealing.
(4) In Scotland, this section has effect as if—
(a) for “exchange” there were substituted “ excamb ”;
(b) for “mortgage” there were substituted “ grant a heritable security over ”;
(c) for “mortgagee” there were substituted “ creditor in a heritable security ”.
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