# Building Societies Act 1997, Paragraph 5


Nothing in section 2 of this Act shall affect the operation of Schedule 2 to the 1986 Act in relation to any body corporate which, immediately before the commencement of that section, is a borrowing member of a building society within the meaning given by paragraph 5(2) of that Schedule (as substituted by that section).

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Source: https://www.legislation.gov.uk/ukpga/1997/32/schedule/8/paragraph/5 (the official version)
Page: https://openlegislation.uk/building-societies-act-1997/schedule-8/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.