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SOLR_PROP

Building Societies Act, 1989

PART XI

Conversion to Public Limited Company

Interpretation of this Part.

100.In this Part—

borrowing member” has the meaning assigned to it by section 71 ;

company” means a public company limited by shares within the meaning of the Companies Acts;

conversion date” means the date on which the society becomes converted and is registered as a company;

conversion scheme” means a scheme drawn up by the board of directors of a society for the conversion of the society into a company;

successor company” means the company into which a society converts itself.