(1) . . .
(2) . . .
(3) The enactments relating to friendly societies which are mentioned in Part I of Schedule 18 are amended as set out in that Part.
(4) Part II of Schedule 18—
(a) removes certain restrictions on the ability of incorporated friendly societies to form subsidiaries and control corporate bodies; and
(b) makes connected amendments.
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Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
0330 161 1234
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