SCHEDULES

C3C4C5 SCHEDULE 2 Establishment, Incorporation and Constitution of Building Societies

Annotations:
Modifications etc. (not altering text)
C3

Sch. 2 modified (3.1.1995) by 1994 c. 40, ss. 17(3), 82(2)

C4

Sch. 2 applied (with modifications) (5.6.2008) by The Building Societies (Financial Assistance) Order 2008 (S.I. 2008/1427), arts. 1(2), 8

C5

Sch. 2 applied (with modifications) (7.4.2010) by The Building Societies (Financial Assistance) Order 2010 (S.I. 2010/1188), arts. 1(2), 8

C1C2Part III Meetings, Resolutions and Postal Ballots

Annotations:
Modifications etc. (not altering text)
C1

Sch. 2 Pt. III (paras. 20–36) excluded (temp.) by S.I. 1986/2168, art. 3(1)(2)

C2

Sch. 2 Pt. III (paras. 20–36) modified by S.I. 1987/426, art. 4

Special resolutions

26

No resolution of a building society shall be passed as a special resolution F1, or as a shareholding members’ resolution,unless it is required to be so passed by or under any provision of this Act or by the rules of the society.

27

1

A resolution of a building society shall be a special resolution when it has been passed by not less than three-quarters of the number of the members of the society qualified to vote on a special resolution and voting either—

a

in person or by proxy on a poll on the resolution at a meeting of the society of which notice specifying the intention to move the resolution as a special resolution has been duly given; or

b

in a postal F3or electronic ballot on the resolution of which notice specifying that the resolution will not be effective unless it is passed as a special resolution has been duly given.

2

In any rules made by a building society on or after 1st October 1960, whether before or after the commencement of this Act, “special resolution”, unless the context otherwise requires, means a special resolution as defined in this paragraph.

F227A

A resolution of a building society shall be a shareholding members’ resolution when it has been passed by not less than three-quarters of the number of the shareholding members of the society—

a

qualified to vote on a shareholding members’ resolution; and

b

voting in person or by proxy on a poll on the resolution at a meeting of the society of which notice specifying the intention to move the resolution as a shareholding members’ resolution has been duly given.