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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 51

1960 c.22

51.(1) If, with respect to any building society, the registrar considers it
expedient to do so in the interests of persons who may invest or deposit money
with the society, he may with the consent of the Ministry serve on the society
a notice giving a direction under this section.

(2) A direction given to a building society under this section may

(a)prohibit the issue by the society of advertisements of all descriptions; or

(b)prohibit the issue by the society of advertisements of any description
specified in the direction; or

(c)prohibit the issue by the society of any advertisements which are, or are
substantially, repetitions of an advertisement which has been issued and which
is specified in the direction; or

(d)require the society to take all practicable steps to withdraw any
advertisement, or any description of advertisement, specified in the direction
which is on display in any place;

(3) If a building society contravenes a direction under this section, it 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.


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© 1967 Crown Copyright

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