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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 110

Change of chief office of building society.

110.(1) Any land to which a building society becomes absolutely entitled by
foreclosure, or by release or other extinguishment of a right of redemption,
shall as soon as may be conveniently practicable be sold or converted into
money.

(2) If a building society contravenes subsection (1), the society shall be
liable on conviction on indictment or on summary conviction to a fine which,
on summary conviction, shall not exceed two hundred pounds; and every officer
of the society who is in default shall be liable

(a)on conviction on indictment, to a fine, or to imprisonment for a term not
exceeding two years, or to both, or

(b)on summary conviction, to a fine not exceeding two hundred pounds, or to
imprisonment for a term not exceeding three months, or to both.

© 1967 Crown Copyright

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