# Building Societies Act 1986, Paragraph 49


Paragraph (3) of Article 50 of the Order (payment of debts out of assets subject to floating charge), as applied to a building society, has effect as if the reference to general creditors included a reference to shareholding members of the society in respect of deposits which are not relevant deposits.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/15A/paragraph/49 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-15A/paragraph-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.