# Building Societies Act 1986, Paragraph 9

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

If, in breach of the obligation assumed by virtue of paragraph 8 above, a building society exercises any power to which the obligation extends, then—
(a) the society shall be liable on conviction on indictment or on summary conviction to a fine not exceeding, on summary conviction, the statutory maximum, and
(b) every officer of the society who is also guilty of the offence shall be liable, on summary conviction to a fine not exceeding the statutory maximum.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/20/paragraph/9 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-20/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.