Building Societies Act 1986

35(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.