Amendment of section 61 of the Building Societies Act 1986

2.  Subsection (1) of section 61 of the Building Societies Act 1986(1) (directors: supplementary provisions as to elections, etc.) is amended as follows—

(a) in paragraph (a) for “10” there is substituted “50”;

(b) in paragraph (b) for “20” there is substituted “100”;

(c) in paragraph (c) for “30” there is substituted “150”;

(d) in paragraph (d) for “40” there is substituted “200”;

(e) in paragraph (e) for “50” there is substituted “250”.

(1)

Section 61(1) was substituted by section 28(1) of the Building Societies Act 1997 (c. 32).