Changes

[[File:2857 20110923.jpg|thumb|300px|right|2857]]'''The 2857 Society''' was first founded as the 28xx Society in 19721971.

The 28xx Society adopted a formal constitution and was formed as renamed The 2857 Society on 1 May 1974, when it became an unincorporated membership society. On 21 July 2020 the Financial Conduct Authority registered The Society as Charitable Community Benefit Society ('CBS') number 8422. On 1 September 2020 the assets and liabilities of the unincorporated 1974 Society, as well as the shares issued in 2857 Although membership was by the Society and the membership of the Societysubscription, were formally transferred there was a requirement for members also to the CBS.<ref>[http://www.2857become a shareholder.org.uk/2857_about.html 2857 Fund website]</ref>

Membership was historically by subscriptionOn 21 July 2020 the Financial Conduct Authority registered The Society as Charitable Community Benefit Society ('CBS') number 8422. On 1 September 2020 the assets and liabilities of the unincorporated 1974 Society, with a requirement for members also membership of the Society and the shares issued in 2857 were all formally transferred to become a shareholderthe CBS.<ref>[http://www.2857.org.uk/2857_about. html 2857 Fund website]</ref>  From 2023, to simplify administration and legal requirements, the annual membership subscription was discontinued and shareholdings became the only form of stakeholding, with a minimum of 30 £1 shares to become a shareholder of the Society. A monthly share subscription scheme was also introduced. Shares are non-withdrawable and transferable only on the death or insolvency of the shareholder.