Part I Constitution and powers

I13 Capacity etc.

1

In subsection (8) of section 5 of the 1986 Act—

a

for paragraph (b) there shall be substituted the following paragraph—

b

Part II makes provision with respect to the capacity of a society and the powers of its directors to bind it; and

b

for the words from “and in this section” to the end there shall be substituted the words “ and in this section “scheduled”, with reference to requirements for establishment, means contained in that Schedule ”.

2

For Part II of Schedule 2 to the 1986 Act there shall be substituted the provisions set out in Schedule 1 to this Act (capacity of society and power of directors to bind it).