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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 77

Keeping of books of account and office management.

77.(1) The directors of every building society shall lay before the society at
the annual general meeting

(a)a revenue and appropriation account for the last financial year ending
before the date of the annual general meeting; and

(b)a balance sheet as at the end of that financial year.

(2) Subject to section 79, if a director of a building society fails to take
all reasonable steps to comply with subsection (1), he shall, in respect of
each offence, be liable on summary conviction to a fine not exceeding two
hundred pounds or to imprisonment for a term not exceeding six months.


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© 1967 Crown Copyright

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