# Building Societies Act 1986, Paragraph 8


(1) Where the chief executive of the society is not also a director of the society, he is deemed, for the purposes of paragraphs 1 to 7, to be a director of the society.
(2) In such circumstances there must be a note in the accounts specifying that the chief executive has been so deemed to be a director.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/10A/paragraph/8 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-10A/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.