Building Societies (Amendment) Act 2006

Amendment of section 69 of Principal Act.

18.— Section 69 of the Principal Act is amended by substituting the following for subsection (2):

“(2) Subject to subsection (3), any provision in the rules of a society is void to the extent that it would have the effect of restricting the rights conferred by subsection (1), but nothing in this section implies that a society cannot in its rules grant voting rights to members of any description on such classes of resolution or on all resolutions of the society subject to the rules of the society.”.