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Building Societies Act 1997
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39Application of certain insolvency legislation
(1)After section 90 of the 1986 Act there shall be inserted the following section—
“90AApplication of other companies insolvency legislation to building societies
For the purpose of—
(a)enabling voluntary arrangements to be approved in relation to building societies,
(b)enabling administration orders to be made in relation to building societies, and
(c)making provision with respect to persons appointed in England and Wales or Northern Ireland as receivers and managers of building societies' property,
the enactments specified in paragraph 1(2) of Schedule 15A to this Act shall apply in relation to building societies with the modifications specified in that Schedule.”
(2)After Schedule 15 to the 1986 Act there shall be inserted, as Schedule 15A, the provisions set out in Schedule 6 to this Act (application of other companies insolvency legislation to building societies).
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