Building Societies (Amendment) Act 2006
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Principal Act amended by inserting new section (section 108A). |
27.— The Principal Act is amended by inserting the following after section 108: | |
“Application of certain enactments to building societies. | ||
108A.— Sections 59 and 60 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 shall apply to a building society proposing to convert into a company pursuant to Part XI with the following and any other necessary modifications— | ||
(a) without prejudice to the generality of section 18(c) of the Interpretation Act 2005 , references in those sections to a person shall be construed as including references to a building society proposing to convert into a company pursuant to Part XI, | ||
(b) subsection (5) of the said section 59 shall have effect as if ‘(which shall not be greater than 365 days and which shall be expressed to begin on the making of the notification)’ was substituted for ‘(which shall not be greater than 28 days and which shall be expressed to begin on the making of the notification)’, and | ||
(c) subsection (2) of the said section 60 shall have effect as if ‘extend the specified period for such number of days (not exceeding 183 days)’ was substituted for ‘extend the specified period for such number of days (not exceeding 28 days)’.”. |