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Mutuals’ Redeemable Shares Bill [HL] 2013-14

Type of Bill:
Private Members' Bill (Starting in the House of Lords)
Sponsor:
Lord Naseby

Progress of the Bill

Bill started in the House of Lords

  1. House of Lords
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  2. House of Commons
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  3. Consideration of Amendments
  4. Royal Assent

Last event

Latest Bill

House Bill Date
Lords HL Bill 43 2013-14 as introduced | PDF version, 80KB 23.07.2013

Latest news on the Mutuals’ Redeemable Shares Bill [HL] 2013-14

First reading took place on 22 July. This stage is a formality that signals the start of the Bill's journey through the Lords.

Second reading - the general debate on all aspects of the Bill - is yet to be scheduled.

The 2013-14 session of parliament has prorogued and this Bill will make no further progress.

Summary of the Mutuals’ Redeemable Shares Bill [HL] 2013-14

A Bill to enable the law relating to societies registered under the Industrial and Provident Societies Act 1965 or the Friendly Societies Act 1992 and certain mutual insurers to be amended to permit and facilitate the use of a new and additional class of redeemable share capital; to provide consequential rights to members of such societies or insurers; and to restrict the voting rights of certain members who hold such shares.

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