Building Societies Act 1986

13[F1(1)Every building society shall maintain a register of members showing—U.K.

(a)the name and [F2postal] address of each member; and

(b)whether each member is a shareholding member or a borrowing member or both.]

[F3(1A)Where a member has notified to the building society an electronic address for the purpose of receiving notices or documents required to be sent by the society under this Act, the register shall show—

(a)the electronic address in addition to the postal address of the member; and

(b)the purposes for which the electronic address has been notified.]

(2)The register shall be kept at the principal office or at such other place or places as the directors think fit.

(3)If a building society contravenes sub-paragraph (1) above, the society shall be liable on summary conviction to a fine not exceeding level 4 on the standard scale and so shall any officer who is also guilty of the offence.

(4)For the purposes of this Act “registered address” in relation to a member of a building society, means—

(a)the [F4postal] address shown in the register maintained under this paragraph, except in a case where paragraph (b) below applies;

(b)where the member has requested that communications from the society be sent to some other [F5postal] address, that other address.

Textual Amendments

F1Sch. 2 Pt. I para. 13(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 56(10); S.I. 1997/2668, art. 2, Sch. Pt. II(w)(z)(xxxiii)