(1) Any two or more friendly societies may, in accordance with this Part of this Act, amalgamate by establishing an incorporated friendly society as their successor.
(2) In order to establish a society as their successor, friendly societies proposing to amalgamate must -
(a) comply with the applicable requirements of Part I of Schedule 15 to this Act;
(b) take the steps required by paragraph 1(2) of Schedule 3 to this Act;
(c) each approve the proposed amalgamation and the terms on which it is to take place by special resolution; and
(d) obtain the confirmation of the appropriate authority of the amalgamation;
and, on obtaining that confirmation, the successor may be registered and incorporated under this Act.
(3) If the FCA or the PRA confirms the amalgamation and the successor society is registered under this Act, the certificate of incorporation issued by the FCA shall specify a date as the transfer date for that amalgamation.
(4) On the transfer date -
(a) all the property, rights
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