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Officers not to accept commissions in connection with loans. 75.(1) Whenever a person becomes or ceases to be a director or the manager or secretary of a building society, the society shall within one month give notice to the registrar stating the full name and address of that person, and particulars of the office which he has taken or relinquished. (2) If a building society fails to comply with this section, 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. Notification of changes in holders of certain offices.
© 1967 Crown Copyright
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