SCHEDULES

SCHEDULE 16U.K. Mergers: Supplementary Provisions

Part IIU.K. Notification of Proposals for Merger

PreliminaryU.K.

2U.K.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;

  • 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.

Modifications etc. (not altering text)

C3Definition applied (1.6.1999) by S.I. 1999/1215, reg. 3(6)