# Building Societies Act 1986, Paragraph 3


Where, as part of the power to provide banking services, a building society becomes guarantor of the discharge of liabilities of another person and is required to pay sums which that other person is obliged to pay, the right to recover those sums from that other person (with or without interest on them) shall not be treated as excluded by paragraph 1 above.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/8/part/II/paragraph/3 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-8/part-II/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.