# Building Societies Act 1997, Section 30: Information about transfers or proposed transfers of business.


(1) In subsection (1) of section 98 of the 1986 Act (transfers of business: supplementary provisions), after the word “statements” there shall be inserted the words “ or summaries ”.
(2) After that subsection there shall be inserted the following subsection—
“(1A) Part IA of that Schedule shall have effect for imposing requirements for notification by a building society, to its members and to the central office, of the receipt by the society of a proposal for the transfer of the whole of its business to a company.”
(3) For Part I of Schedule 17 to the 1986 Act there shall be substituted, as Parts I and IA, the provisions set out in Parts I and II respectively of Schedule 5 to this Act (information about transfers or proposed transfers of business).

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Source: https://www.legislation.gov.uk/ukpga/1997/32/section/30 (the official version)
Page: https://openlegislation.uk/building-societies-act-1997/section-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.