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Building Societies Act 1986

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Changes over time for: Cross Heading: Use and change of name

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Use and change of nameU.K.

9(1)The common seal of a building society shall bear the registered name of the society.U.K.

F1[(2)Every building society shall paint or affix, and keep painted or affixed, its registered name on the outside of every office or place in which its business is carried on, in a conspicuous position and in letters easily legible.

(2A)Every building society shall state its registered name in legible characters in all of the following documents, [F2in every electronic communication containing any of the following documents and on every web site on which any of the following documents is published,] namely—

(a)its business letters;

(b)its account statements, including those relating to deposit, share, loan or mortgage accounts;

(c)its passbooks;

(d)its notices and publications, including all documents sent to members;

(e)its invoices and receipts;

(f)its letters of credit and any instruments creating or acknowledging its indebtedness;

(g)its contracts, agreements, mortgages and deeds; and

(h)its bills of exchange, promissory notes, endorsements, cheques and orders for money or goods.]

(3)A building society may change its name by special resolution.

(4)Where a society changes its name in accordance with this paragraph notice of the change of name shall be sent to the [F3FCA] and, unless the [F3FCA] is of the opinion that the changed name is undesirable, the [F3FCA] shall register the notice of the change of name and give the society a certificate of registration.

(5)A change of name shall take effect on the date on which the certificate of registration under sub-paragraph (4) above is issued or on such later date as may be specified in the certificate.

(6)The [F3FCA] shall keep a copy of the certificate of registration issued under sub-paragraph (4) above in the public file of the society.

(7)A change of name shall not affect the rights and obligations of the society or of any of its members or of any other person concerned.

[F4(8)For the purposes of this paragraph and paragraphs 10 to 10C below “registered name”, in relation to a building society, means the name of the society which is for the time being registered with the [F3FCA] .]

Textual Amendments

F1Sch. 2 Pt. I para. 9(2)(2A) substituted for Sch. 2 para. 9(2) (1.12.1997) by 1997 c. 32, s. 36(1); S.I. 1997/2668, art. 2, Sch. Pt. I(h)

F4Sch. 2 Pt. I para. 9(8) inserted (1.12.1997) by 1997 c. 32, s. 36(2); S.I. 1997/2668, art. 2, Sch. Pt. I(h)

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