SCHEDULES

C3SCHEDULE 16 Mergers: Supplementary Provisions

Annotations:
Modifications etc. (not altering text)
C3

Sch. 16 excluded by S.I. 1986/2168, art. 9(2)(b)(3)

C2Part II Notification of Proposals for Merger

Annotations:
Modifications etc. (not altering text)
C2

Sch. 16 Pt. II (paras. 2–6) excluded by S.I. 1986/2169, art. 10

Preliminary

2

In this Part of this Schedule—

  • “merger” means an amalgamation of building societies under section 93 or a transfer of all the engagements of one building society to another under section 94; and “merger” has a corresponding meaning;

  • C1“merger proposal”, in relation to a building society, means a proposal in writing, by another building society desiring to merge with it, for the societies to merge, with or without terms for the merger; and “proposer” has a corresponding meaning;

  • “merger resolutions”, in relation to a building society, means the resolutions required for the approval of a merger of the society with another building society under section 93(2) or 94(2);

  • “merger statement” means a statement containing the requisite particulars of a merger proposal; and

  • “requisite particulars”, in relation to a merger proposal, means the particulars required by paragraph 3(2) below to be given in a merger statement.