# Building Societies Act 1986, Paragraph 7


Section 1 of the Act (proposals for voluntary arrangements) has effect as if—
(a) it required any proposal under Part I of the Act to be so framed as to enable a building society to comply with the requirements of this Act; and
(b) any reference to debts included a reference to liabilities owed to the holders of shares in a building society.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/15A/paragraph/7 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-15A/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.