# Building Societies Act 1986, Paragraph 35

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

(1) Article 61 (liability of members) is modified as follows.
(2) In paragraph (1), the reference to any past member shall be omitted.
(3) Sub-paragraphs (a) to (d) of paragraph (2) shall be omitted; and so shall paragraph (3).
(3A) In sub-paragraph (f) of paragraph (2) the reference to a sum due to a member of the company by way of dividends, profits or otherwise does not include a sum due to a shareholding member of a building society in respect of a deposit.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/15/paragraph/35 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-15/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.