# The Building Societies (Commercial Assets and Services) Order 1988, SECTION B


A society may make a bridging loan or otherwise acquire or hold a bridging debt only where each relevant interest to which it relates is an interest in relation to land in a country or territory where the society has power to make advances secured on land (whether under section 10 (advances secured on land) or section 14 of the Act).

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Source: https://www.legislation.gov.uk/uksi/1988/1141/schedule/1/part/IV/crossheading/section-b (the official version)
Page: https://openlegislation.uk/building-societies-commercial-assets-and-services-order-1988/schedule-1/part-IV/crossheading-section-b
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.