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Keeping of books of account and office management. 77.(1) The directors of every building society shall lay before the society at the annual general meeting (a)a revenue and appropriation account for the last financial year ending before the date of the annual general meeting; and (b)a balance sheet as at the end of that financial year. (2) Subject to section 79, if a director of a building society fails to take all reasonable steps to comply with subsection (1), he shall, in respect of each offence, be liable on summary conviction to a fine not exceeding two hundred pounds or to imprisonment for a term not exceeding six months.
© 1967 Crown Copyright
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