(1) Every friendly society shall have a committee of management with at least 2 members.
(2) The committee of management shall appoint one of its members to be chairman of the committee.
(3) Members of the committee of management shall (unless co-opted on to the committee) be elected to office in accordance with the rules of the society.
(4) The committee of management may co-opt as a member of the committee (whether as an additional member or to fill any vacancy) any person -
(a) who appears to the committee to be fit and proper to be a member, and
(b) who has not failed, having been nominated at an election held within the preceding 12 months, to be elected as a member of the committee;
and such a person may be co-opted notwithstanding that he is not a member of the society.
(5) Part I of Schedule 11 to this Act shall have effect in relation to committees of management and Part II shall have effect with regard to dealings with members of committees of management of friendly societies
…