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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 18

18.(1) Two or more building societies may unite and become one society, with
or without a dissolution or division of the funds of any one or more of those
societies, if

(a)the terms of the union are approved by a special resolution of each of the
societies, and

(b)the union obtains the consent in writing of the holders of not less than
two-thirds of the whole number of shares in each society, whether they are
present at the meeting or not, or the union is confirmed under section 20(4).

(2) Notice of any union of building societies shall be sent to the registrar
and shall be registered by him.

(3) 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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