OpenLegislation

Article 2 Interpretation

Original text. Later amendments are not shown.

(1)

In this Order–

  • “the Act” means the Building Societies Act 1986;

  • “Gibraltar” means the City of Gibraltar;

  • “relevant form of security” means the form of security to which paragraph 1 of Schedule 1 to this Order refers;

  • “relevant provision” means a provision of the Act which applies or has effect in relation to advances secured on land;

  • “society” means a building society; and

  • “territory advance” means an advance which, by virtue of this Order, a society may make.

(2)

For the purposes of this Order, a provision of the Act which applies or has effect in relation to advances fully secured on land shall be treated as one which applies or has effect in relation to advances secured on land.