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Change of name. 16.(1) A building society may change its name by special resolution. (2) Notice of any such change shall be sent to the registrar and, unless in his opinion the name to which it is proposed to change is undesirable, shall be registered by him, and he shall give a certificate of registration. (3) Any such change of name shall not affect the rights and obligations of the society or of any of its members or of any other person concerned. (4) If a building society fails to send to the registrar a notice which it is required to send to him under subsection (2), 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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