There are currently no known outstanding effects for the Building Societies Act 1997, Paragraph 27.
27(1)In subsection (2) of section 69 of the 1986 Act (records of income of related businesses)—U.K.
(a)in paragraph (b), for the word “advances” there shall be substituted the word “ loans ”; and
(b)for paragraph (c) there shall be substituted the following paragraph—
“(c)is not a connected undertaking of the society;”.
(2)In subsections (7)(b) and (8) of that section, after the words “its directors” there shall be inserted the words “ and other officers ”.
(3)In subsection (15) of that section, for the words “the prescribed fee” there shall be substituted the words “ such fee (not exceeding £5) as the society may from time to time determine ”.
Commencement Information
I1Sch. 7 para. 27 partly in force; Sch. 7 para. 27 not in force at Royal Assent see s. 47(3); Sch. 7 para. 27(2)(3) in force at 9.6.1997 by S.I. 1997/1427, art. 2; Sch. 7 para. 27(1) in force at 1.12.1997 by S.I. 1997/2668, art. 2, Sch. Pt. II (subject as mentioned in art. 2(2)-(5) of that S.I.)
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