Mutuals’ Redeemable Shares Bill [HL] 2013-14
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.
Private Members' Bill (Starting in the House of Lords)
The Mutuals’ Redeemable Shares Bill [HL] was a Lords Private Members' Bill tabled by Lord Naseby.
Is this Bill currently before Parliament?No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2013-14 Session.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an Member of the House of Lords (Lord Naseby), not the Government.
What type of Bill is this?Lords Private Members' Bills can be tabled by any member, at any time during the Session. A number of Lords may win ballot slots to receive precedence in the Lords.
So is this going to become a law?No. This Bill did not complete it's passage before the Session completed and is no longer before Parliament. However, it may have been re-introduced under a similar name in a subsequent Session.
Would you like to know more?See these Glossary articles for more information: Private Members Bill, Process of a Bill
Official Bill Page All Bill Debates
Next Event: There is no future stage currently scheduled for this bill
Last Event: Monday 22nd July 2013 - 1st reading: House of Lords
Bill Progession through Parliament