SCHEDULES

C1SCHEDULE 14 Settlement of Disputes

Annotations:
Modifications etc. (not altering text)
C1

Sch. 14 excluded (temp.) by S.I. 1986/2168, art. 3(1)(4)

Part II Arbitration

Circulation of election addresses, resolutions and statements

4

1

If the rules of the society so provide, any dispute in respect of a refusal by a building society to send to its members—

a

copies of an election address, in accordance with section 61(7), or

b

any document required to be sent under paragraph 31(1) of Schedule 2 to this Act,

shall, unless the refusal is on one of the grounds specified in sub-paragraph (2) below, be referred to arbitration.

2

Those grounds are—

a

that publicity for the document in question would be likely to diminish substantially the confidence in the society of investing members of the public, or

b

that the rights conferred by section 61(7) or paragraph 31(1) are being abused to seek needless publicity for defamatory matter.