# Building Societies Act 1997, Section 3: Capacity etc.


(1) In subsection (8) of section 5 of the 1986 Act—
(a) for paragraph (b) there shall be substituted the following paragraph—
“(b) Part II makes provision with respect to the capacity of a society and the powers of its directors to bind it; and”; and
(b) for the words from “and in this section” to the end there shall be substituted the words “ and in this section “scheduled”, with reference to requirements for establishment, means contained in that Schedule ”.
(2) For Part II of Schedule 2 to the 1986 Act there shall be substituted the provisions set out in Schedule 1 to this Act (capacity of society and power of directors to bind it).

---
Source: https://www.legislation.gov.uk/ukpga/1997/32/section/3 (the official version)
Page: https://openlegislation.uk/building-societies-act-1997/section-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.