|
|
Amendment of section 74 of Principal Act.
|
19.— Section 74 of the Principal Act is amended—
|
|
| |
(a) in subsection (1) by substituting “other than an exempted resolution” for “other than a conversion resolution”, and
|
|
| |
(b) by inserting the following after subsection (9):
|
|
| |
“(10) In this section ‘ exempted resolution’ means any of the following:
|
|
| |
(a) a conversion resolution;
|
|
| |
(b) a resolution that—
|
|
| |
(i) directly or indirectly relates to a society becoming a society to which section 101(8) applies, or
|
|
| |
(ii) directly or indirectly relates, for the purposes of section 101(8), to requiring a person to make a lodgement of a specific amount before the person may open an account with the society which entitles the person to hold a share in that society; or
|
|
| |
(c) a resolution that directly or indirectly relates to or requires a society to consider, or to advise the Central Bank of its intention with regard to, the conversion of the society into a company.
|
|
| |
(11) Nothing in this section shall be taken to prevent any matter from being duly introduced for discussion (other than by means of a resolution) at a general meeting of a building society.”.
|
