The Building Societies Act 1986 (Modifications) Order 1991 No. 1729

Prospective

Insertion of definition of subsidiary undertaking in section 119(1) of the Act U.K.

5.  There shall be inserted in section 119(1) of the Act between the definitions of “subsidiary” and “summary financial statement” the following definition:

““Subsidiary undertaking” shall be construed in accordance with the provisions of section 258 of the Companies Act 1985, read in conjunction with sections 259 and 260 of, and Schedule 10A to, that Act;”.

Commencement Information

I1 Art. 5 in force at 1.1.1993, see art. 1