[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 53

Supplementary provisions as to directions under s.51.

53.(1) The registrar may, subject to subsection (2), at any time serve a
notice on a building society, or on any person who has in his possession or
under his control any books, accounts, deeds or other documents relating to
the business of a building society, requiring the society or other person to
produce to the registrar such of those documents as the registrar considers
necessary for the exercise of his powers under sections 48 to 52.

(2) The registrar shall not have power under subsection (1) to require the
production of documents which do not belong to the building society, and which
are not deeds relating to property mortgaged to the society,

(a)from a person who is or has been an auditor of the society; or

(b)from anyone other than a person who is or has been an officer or servant of
the society.

(3) The registrar may also at any time serve a notice on a building society,
or on any person who is or has been an officer or servant of a
building society, requiring the society or other person to furnish him with
such information relating to the business of the society as the registrar
considers necessary for the exercise of his powers under sections 48 to 52.

(4) Any notice under subsection (3) may contain a requirement that any
information to be given in accordance with the notice shall be verified by
statutory declaration.

(5) If a building society fails to comply with the requirements of a notice
under this section, the society shall be liable on summary conviction to a
fine not exceeding two hundred pounds, and every officer of the society who is
in default shall be liable on summary conviction to a fine not exceeding two
hundred pounds, or to imprisonment for a term not exceeding three months, or
to both.

(6) If any person other than a building society fails to comply with the
requirements of a notice under this section, he shall be liable 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

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/bsai1967346/s53.html