SCHEDULES
SCHEDULE 15 Application of Companies Winding Up Legislation to Building Societies
F1Part III Modified application of Insolvency (Northern Ireland) Order 1989
Parts V and XI
Winding up by the High Court
48
(1)
Article 110 (consequences of winding-up order) shall have effect with the following modifications.
(2)
Paragraphs (1) and (3) shall be omitted.
(3)
A building society shall, within 15 days of a winding-up order being made in respect of it, give notice of the order to the central office; and the central office shall keep the notice in the public file of the society.
(4)
If a building society fails to comply with sub-paragraph (3) above, it shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale; and so shall any officer who is also guilty of the offence.