{
  "url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-3/paragraph-3",
  "json_url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-3/paragraph-3.json",
  "legislation": "uksi/1997/817",
  "legislation_title": "The Banking Act 1987 (Exempt Transactions) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997",
  "path": "schedule/3/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(i) On giving an Expulsion Notice the Board shall serve the Expulsion Notice on the Participating Society and shall serve on every member of its Board of Directors a copy of same.\n(ii) The Expulsion Notice and copies served in accordance with subparagraph (i) above shall be accompanied by a letter specifying the considerations which have led the Board to conclude that an Expulsion Notice should be given.\n(iii) The Board shall not have power to give such an Expulsion Notice unless all the considerations so specified were those or among those which were specified in the Default Notice under paragraph 1 above.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/817/schedule/3/paragraph/3",
    "retrieved_at": "2026-10-29T12:20:50.611143+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}