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Liability of members on winding up or dissolution. 106.(1) Notice of the commencement and of the termination of the winding up or dissolution of a building society shall be sent to the registrar and registered by him. (2) If a building society fails to send to the registrar a notice which it is required to send to him under subsection (1), the society, and every officer of the society who is in default, shall be liable on summary conviction to a fine not exceeding two hundred pounds.
© 1967 Crown Copyright
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