Paragraph 2 F1
United Kingdom
(1)
The consent of the F2appropriate authority shall be sufficient authority for the provision for any such compensation as is mentioned in section 96(1)(a).
(2)
A resolution of the board of directors passed in pursuance of the direction shall be sufficient authority for any such payments as are mentioned in section 96(1)(b).
Annotations
Textual amendments
- F1
Sch. 8A inserted (9.6.1997) by 1997 c. 32, s. 17(2), Sch. 4; S.I. 1997/1427, art. 2(c)
- F2
Words in Sch. 8A substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 54(2) (with Sch. 12)