# The Building Societies (Transfer of Business) Regulations 1998, Paragraph 1

Extent: E+W+S+N.I.

The fact that the board of directors of the society is proceeding to transfer the business of the society to the successor company by board resolution at the direction of the appropriate authority.

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Source: https://www.legislation.gov.uk/uksi/1998/212/schedule/3/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-transfer-of-business-regulations-1998/schedule-3/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.