Modifications etc. (not altering text)
C1Sch. 2 modified (3.1.1995) by 1994 c. 40, ss. 17(3), 82(2)
5(1)The rules of a building society may allow a person to become a member without holding a share in the society.
(2)Such of the rules as concern the making of advances to members need not be expressed in terms which treat a member to whom an advance is made as being, by reason of the making of the advance, the holder of a share in the society.
(3)A person who is a minor—
(a)may, if the rules do not otherwise provide, be admitted as a member of a building society and give all necessary receipts; but
(b)may not vote or hold any office in the society; and
(c)may not nominate, or join in nominating, a person for election as a director of the society.