{
  "url": "https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-66",
  "json_url": "https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-66.json",
  "legislation": "ukpga/1997/32",
  "legislation_title": "Building Societies Act 1997",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1997",
  "path": "schedule/7/paragraph/66",
  "kind": "paragraph",
  "number": "66",
  "heading": null,
  "text": "(1) In paragraph 1 of Schedule 16 to the 1986 Act (mergers: supplementary provisions)—\n(a) in sub-paragraph (4)(e), for the words “class 1 or 2 advances made by the building society” there shall be substituted the words “ loans made by the building society which are secured on land ”; and\n(b) sub-paragraph (5) shall cease to have effect.\n(2) For sub-paragraph (2) of paragraph 4 of that Schedule there shall be substituted the following sub-paragraphs—\n“(2) In any case where merger resolutions are to be moved at any meeting of a building society, every notice of the meeting shall have included in or with it—\n(a) a merger statement with respect to any merger proposal, other than a proposal of which notice has already been given under this paragraph, received by it more than 42 days before the date of the meeting; and\n(b) a transfer proposal notification with respect to any transfer proposal so received by it.\n(3) In this paragraph and paragraph 5 below—\n“transfer proposal” has the same meaning as in Part IA of Schedule 17;\n“transfer proposal notification” means a transfer proposal notification (within the meaning of that Part) required to be sent to members by paragraph 5B(1) of that Schedule.”\n(3) In sub-paragraph (1) of paragraph 5 of that Schedule—\n(a) after the words “merger statement” there shall be inserted the words “ or transfer proposal notification ”; and\n(b) after the words “the statement” there shall be inserted the words “ or notification ”.\n(4) In sub-paragraph (2) of that paragraph, after the words “merger statement” there shall be inserted the words “ or transfer proposal notification ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 7 para. 66 partly in force; Sch. 7 para. 66 not in force at Royal Assent see s. 47(3); Sch. 7 para. 66(1(a)(b)(2)(3)(4) in force at 1.12.1997 by S.I. 1997/2668, art. 2, Sch. Pts. I, 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/66",
    "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."
}