MRAssociates — Glossary
Industrial and Provident Society
Registered Societies used to be referred to as Industrial and Provident Societies.
A society will be one of the following:
- A cooperative society which exists to serve some mutual interest of its members, or
- A community benefit society which exists to serve the wider community, or a section of the community (such as vulnerable people who need housing)
Most of the large traditional housing associations are registered community benefit societies.