Building Societies Act 1986, Cross Heading: Compensation for loss of office 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. 8A inserted (9.6.1997) by 1997 c. 32, s. 17(2), Sch. 4; S.I. 1997/1427, art. 2(c)
7(1)The consent of the [F2appropriate authority] shall be sufficient authority for the provision for any such compensation as is mentioned in section 99(2)(a).U.K.
(2)A resolution of the board of directors passed in pursuance of the direction shall be sufficient authority for any such payments as are mentioned in section 99(2)(b).]
Textual Amendments
F2Words in Sch. 8A substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 54(2) (with Sch. 12)
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