# Building Societies Act 1986, Paragraph 41


(1) Article 29 of the Order (general duties of administrator) has effect as if, instead of the requirement imposed by paragraph (3), it required the administrator of a building society to summon a meeting of the society’s creditors if—
(a) he is requested, in accordance with the rules, to do so by 500 of the society’s creditors, or by one-tenth, in number or value, of those creditors, or
(b) he is directed to do so by the High Court.
(2) That Article also has effect as if it required the administrator of a building society to summon a meeting of the society’s shareholding members if—
(a) he is requested, in accordance with the rules, to do so by 500 of the society’s shareholding members, or by one-tenth, in number, of those members, or
(b) he is directed to do so by the High Court.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/15A/paragraph/41 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-15A/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.