Building Societies Act 1986 (c. 53)

SCHEDULES

Valid from 01/12/1997

[F1 SCHEDULE 15A U.K. Application of other companies insolvency legislation to building societies

Textual Amendments

F1 Sch. 15A inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6; S.I. 1997/2668, art. 2, Sch. Pt. I(i)

Part III U.K. Modified Application of Parts II, III and IV of Insolvency (Northern Ireland) Order 1989

Administration orders] U.K.

45 (1) Article 37 of the Order (approval of substantial revisions) as applied to a building society has effect as if—

(a) paragraph (2) required the administrator to send a statement in the prescribed form of his proposed revisions to the Commission and to the Investor Protection Board; and

(b) the reference in that paragraph to a meeting of creditors included a reference to a meeting of holders of shares in the society.

(2) In paragraph (3) of that Article as so applied, references to members of the society do not include references to holders of shares in the society.