# Building Societies Act 1986, Paragraph 3


In relation to the power to provide the service of trusteeship—
(a) a building society may not accept trusteeship of a prohibited trust, and
(b) a building society which becomes aware that a trust of which it is trustee has become a prohibited trust shall retire as trustee of that trust as soon as it is practicable to do so.

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