Building Societies Act 1986, Cross Heading: Proceedings is up to date with all changes known to be in force on or before 03 March 2025. 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.
Textual Amendments
F1Sch. 5 repealed (1.12.2001) by S.I. 2001/2617 arts. 2(b), 13(2), Sch. 4 (with art. 13(3) Sch. 5); S.I. 2001/3538, art. 2
4(1)The Board shall determine its own procedure, including the quorum necessary for its meetings.
(2)The validity of any proceedings of the Board shall not be affected by any vacancy among the members or by any defect in the appointment of any member.
5(1)The fixing of the common seal of the Board shall be authenticated by the signature of the chairman of the Board or some other person authorised by the Board to act for that purpose.
(2)A document purporting to be duly executed under the seal of the Board shall be received in evidence and deemed to be so executed, unless the contrary is proved.
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