BAILII [Home] [Databases] [World Law] [Search] [Feedback]

Northern Irish Legislation

You are here:  BAILII >> Databases >> Northern Irish Legislation >> BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 43

Minimum notice of withdrawal.

43.(1) Subject to the provisions of this section, a building society, or any
two or more building societies, may enter into arrangements with a person
carrying on the business of insurance, for the purpose of making funds
available to meet losses incurred by persons investing in, or lending money
to, a building society which is a party to the arrangements; and any two or
more building societies may enter into any other kind of arrangements for that
purpose.

(2) Subject to the provisions of this section, a building society shall have
power to make contributions under arrangements made in accordance with this
section.

(3) Arrangements under this section may in particular provide for the vesting
of a fund in trustees appointed under the arrangements.

(4) Arrangements under this section shall not come into force, and no
contributions shall be made thereunder by a building society, until they have
been approved by the registrar; and the registrar shall not approve
arrangements under this section unless they provide that any variation of
their terms shall also require the approval of the registrar.


[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

© 1967 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/bsai1967346/s43.html