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Building Societies Act 1986
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Changes over time for: Paragraph 19
No versions valid at: 11/06/1996
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- 01/12/1997- Amendment
- 11/06/1996
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Building Societies Act 1986, Paragraph 19 is up to date with all changes known to be in force on or before 16 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Valid from 01/12/1997
[F119(1)Section 17 of the Act (general duties of administrator) has effect as if, instead of the requirement imposed by subsection (3), it required the administrator of a building society to summon a meeting of the society’s creditors if—U.K.
(a)he is requested, in accordance with the rules, to do so by 500 of the society’s creditors, or by one-tenth, in number or value, of those creditors, or
(b)he is directed to do so by the court.
(2)That section also has effect as if it required the administrator of a building society to summon a meeting of the society’s shareholding members if—
(a)he is requested, in accordance with the rules, to do so by 500 of the society’s shareholding members, or by one-tenth, in number, of those members, or
(b)he is directed to do so by the court.]
Textual Amendments
F1Sch. 15A inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6; S.I. 1997/2668, art. 2, Sch. Pt. I(i)
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