3Capacity 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”; 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).