# Building Societies Act 1997, Section 40: Abolition of priority liquidation distribution rights.


In section 100 of the 1986 Act (distribution and share rights), the following provisions (which confer rights to priority liquidation distributions) shall cease to have effect, namely—
(a) in subsection (2), paragraph (c) and the word “and” immediately before that paragraph; and
(b) subsections (5) and (6).

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Source: https://www.legislation.gov.uk/ukpga/1997/32/section/40 (the official version)
Page: https://openlegislation.uk/building-societies-act-1997/section-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.