The Building Societies Act 1986 (Modifications) Order 2024
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Change 1
2 Modifications of the Building Societies Act 1986
(1) The Building Societies Act 1986 is amended as follows. (2) In section 60 (directors: elections and retirements)— (a) in subsection (4) omit “, (6), (7)”; (b) omit subsections (5), (6), (7), (7A), (7B), (7C) and (8); (c) in subsection (11)— (i) in paragraph (a) omit “paragraph (b) below, subsection (12) below or”; (ii) at the end of paragraph (a) omit “and”; (iii) omit paragraph (b); and (iv) in the closing words, omit “(in either case)”; (d) omit subsection (12); (e) in subsection (13) omit paragraph (a) (including “and” at the end of that paragraph); and (f) omit subsection (15). (3) In section 61 (directors: supplementary provisions as to elections, etc.)— (a) omit subsection (6); and (b) in subsection (11) omit “(disregarding his age)”. (4) In section 80(1) (signing of balance sheet: documents to be annexed)— (a) for “two directors” substitute “one director”; and (b) omit “and by the chief executive of the society”.
2 Modifications of the Building Societies Act 1986
(1) The Building Societies Act 1986 is amended as follows. (2) In section 60 (directors: elections and retirements)— (a) in subsection (4) omit “, (6), (7)”; (b) omit subsections (5), (6), (7), (7A), (7B), (7C) and (8); (c) in subsection (11)— (i) in paragraph (a) omit “paragraph (b) below, subsection (12) below or”; (ii) at the end of paragraph (a) omit “and”; (iii) omit paragraph (b); and (iv) in the closing words, omit “(in either case)”; (d) omit subsection (12); (e) in subsection (13) omit paragraph (a) (including “and” at the end of that paragraph); and (f) omit subsection (15). (3) In section 61 (directors: supplementary provisions as to elections, etc.)— (a) omit subsection (6); and (b) in subsection (11) omit “(disregarding his age)”. (4) In section 80(1) (signing of balance sheet: documents to be annexed)— (a) for “two directors” substitute “one director”; and (b) omit “and by the chief executive of the society”.
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