# Building Societies Act 1997, Paragraph 39


In subsection (4) of section 89 of the 1986 Act (winding up: grounds and petitioners), for paragraph (b) there shall be substituted the following paragraph—
“(b) the reference to its existing for an illegal purpose includes a reference to its existing after it has ceased to comply with the requirement imposed by section 5(1)(a) (purpose or principal purpose).”

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Source: https://www.legislation.gov.uk/ukpga/1997/32/schedule/7/paragraph/39 (the official version)
Page: https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.