BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967

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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 88



88.(1) Every building society shall in the first three months of each
financial year (other than such a financial year as is mentioned in subsection
(5)) make to the registrar a return (in this Act referred to as "the annual
return") relating to the affairs of the society for the previous
financial year.

(2) The annual return shall be signed by two of the directors, and by the
manager or secretary of the building society.

(3) The annual return shall contain such information and shall be in such form
as the registrar may prescribe by regulations made with the consent of
the Ministry.

(4) A copy of the latest annual return for any financial year (with the
auditors' report) shall be supplied on demand to any member of, or depositor
in, the building society without charge on or after the date of the holding of
the annual general meeting in the following financial year, so, however, that
nothing in this subsection shall require a society to supply a copy of any
such return before the expiration of seven days from the date on which the
member or depositor makes a written request to the society to be supplied with
a copy of such a return.

(5) A building society shall not be required by virtue of subsection (1) to
make an annual return in a financial year in which, under section 64, the
society is not required to hold an annual general meeting.

(6) If a building society fails to comply with any of the provisions of this
section or of regulations made under 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.

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Northern Irish Legislation

BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 88