{
  "url": "https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-40",
  "json_url": "https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-40.json",
  "legislation": "ukpga/1997/32",
  "legislation_title": "Building Societies Act 1997",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1997",
  "path": "schedule/7/paragraph/40",
  "kind": "paragraph",
  "number": "40",
  "heading": null,
  "text": "For section 92 of the 1986 Act there shall be substituted the following section—\n“ Supplementary.\n92 Where at any time a building society is being wound up or dissolved by consent, a borrowing member shall not be liable to pay any amount other than one which, at that time, is payable under the mortgage or other security by which his indebtedness to the society in respect of the loan is secured.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 7 para. 40 in force at 1.12.1997 by S.I. 1997/2668, art. 2, Sch. Pt. II (subject as mentioned in art. 2(2)-(5) of that S.I.)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1997/32/schedule/7/paragraph/40",
    "retrieved_at": "2026-10-29T09:25:53.774631+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}