The Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (Commencement No. 2) Order 2014
This Order is the second Commencement Order made under the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (c.26) (“the Act”). This Order brings into force section 2 of the Act on 20th November 2014, which inserts section 90B into the Building Societies Act 1986 (c.53). This enables the Treasury by order to ensure that when a building society is being wound up, its assets are applied in satisfying its liabilities to shareholders and to creditors pari passu.
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Lifecycle
Department
Made
16 Oct 2014
—
Comes into force
TBC
Enabling power
The Treasury, in exercise of the powers conferred by section 6(2) of the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007, make the following Order:
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