SCHEDULES

SCHEDULE 15Application of Companies Winding Up Legislation to Building Societies

PART IIIModified Application Of The Companies (Northern Ireland) Order 1986, Part XX

Members of building society as contributories in winding up

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1

Article 468 (liability of members) is modified as follows.

2

In paragraph (1), the references to any past member shall be omitted.

3

Sub-paragraphs (a) to (d) of paragraph (2) shall be omitted ; and so shall paragraph (3).

4

The extent of the liability of a member of a building society in a winding up shall not exceed the extent of his liability under paragraph 6 of Schedule 2 to this Act.