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Part II Capacity of society and power of directors to bind itF1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  1. Capacity of society not limited by its memorandum
  2. Power of directors to bind society
  3. No duty to enquire as to capacity of society etc.
  4. Powers of central office

Annotations

Textual amendments

F1

Sch. 2 Pt. II substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 3(2), 47(3), Sch. 1; S.I. 1997/2668, art. 2, Sch. Pt. II(c)

Notes on Schedule 2

Modifications

C1

Sch. 2 modified (3.1.1995) by 1994 c. 40, ss. 17(3), 82(2)

C2

Sch. 2 applied (with modifications) (7.4.2010) by The Building Societies (Financial Assistance) Order 2010 (S.I. 2010/1188), arts. 1(2), 8