Q&As

Are the officers of a co-operative or community benefit society (registered society) subject to the same duties as the directors of a limited company?

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Published on LexisPSL on 11/03/2019

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • Are the officers of a co-operative or community benefit society (registered society) subject to the same duties as the directors of a limited company?

A co-operative society or community benefit society (previously known as industrial and provident societies) (a registered society, or alternatively, a society) is a body corporate with limited liability that can be used by organisations to conduct a business either as a co-operative or for the benefit of a community.

As noted in Practice Note: Co-operative and community benefit societies, a registered society is managed by its officers. The Co-operative and Community Benefit Societies Act 2014 (CCBSA 2014) does not use the term ‘directors’ but ‘officers’, although many societies do still use the title of ‘di

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