Building Societies Act 1986 (c. 53)

SCHEDULES

Valid from 09/06/1997

[F1 SCHEDULE 8A U.K. Transfer directions: modifications of Part X

Textual Amendments

F1 Sch. 8A inserted (9.6.1997) by 1997 c. 32, s. 17(2), Sch. 4; S.I. 1997/1427, art. 2(c)

Part I U.K. Directions under section 42B(3)

Compensation for loss of office] U.K.

2 (1) The consent of the Commission shall be sufficient authority for the provision for any such compensation as is mentioned in section 96(1)(a).

(2) A resolution of the board of directors passed in pursuance of the direction shall be sufficient authority for any such payments as are mentioned in section 96(1)(b).