Co-operative and Community Benefit Societies Act 2014 (2016 Chapter 14). Country/Territory United Kingdom Document type Legislation Date 2014 Source FAO, FAOLEX Long titleAn Act to consolidate certain enactments relating to co-operative societies, community benefit societies and other societies registered or treated as registered under the Industrial and Provident Societies Act 1965, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission. Subject Agricultural & rural development, Land & soil Keyword Agricultural development Cooperative/producer organization Credit Business/industry/corporations Registration Community management Land tenure Geographical area Atlantic Ocean Islands, Europe, Europe and Central Asia, North Atlantic, North Sea, North-East Atlantic, Northern Europe Abstract This Act, which extends to England and Wales and Scotland, consolidates legislation on co-operative and community benefit societies (formerly known as industrial and provident societies). The Act concerns registration etc. of societies and administration and operation of registered societies. A large part of the Act is dedicated to financial arrangement affecting registered societies. A society for carrying on any industry, business or trade (including dealings of any kind with land) which meets specified conditions may be registered under this Act as— (a) a co-operative society, or (b) a community benefit society. Agricultural, horticultural or forestry society may provide for loans without security. The fact that the society’s rules provide for the making of such advances without security is not a ground for refusing to register those rules. 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. Full text English Website www.opsi.gov.uk References - Legislation Amends Land Registration etc. (Scotland) Act 2012 (2012 asp 5). Legislation | United Kingdom | 2012 Keyword: Cadastre/land registration, Court/tribunal, Institution, Transfer, Legal proceedings/administrative proceedings Source: FAO, FAOLEX