[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 90

Annual return to disclose advances to directors or officers or to companies in which they are interested.

90.(1) For each financial year for which the annual return under section 88 is
made by a building society, the society shall cause to be prepared, and sent
to the registrar together with the annual return, a return with respect to

(a)every property which has, during the financial year, been sold by the
society in the exercise of its powers as mortgagee, and

(b)every mortgage which has been transferred by the society during that
financial year.

(2) A person who has effected a mortgage in favour of a building society, and
any person to whom there have passed (whether by operation of law or
otherwise) any of the rights or liabilities under such a mortgage of the
person who effected it, shall be entitled to be furnished with a copy of so
much of any return made under this section as relates to that mortgage.

(3) Except as provided by subsection (2), no person shall be entitled to
require the registrar to permit him to inspect, or to furnish him with any
extract from, any such return.

(4) If a building society fails to send to the registrar a return which it is
required to send to him under subsection (1), 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.

© 1967 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/bsai1967346/s90.html