# Building Societies Act 1986, Paragraph 16

Extent: E+W+S+N.I.

(1) Section 122 (circumstances in which company may be wound up by the court) of the Act does not apply in relation to a building society whose principal office is situated in England and Wales.
(2) Section 122 has effect in relation to a building society whose principal office is situated in Scotland as if subsection (1) were omitted.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/15/paragraph/16 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-15/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.