# The Building Societies Act 1986 (Modifications) Order 2024, Article 2: Modifications of the Building Societies Act 1986


(1) The Building Societies Act 1986 is amended as follows.
(2) In section 60 (directors: elections and retirements)—
(a) in subsection (4) omit “, (6), (7)”;
(b) omit subsections (5), (6), (7), (7A), (7B), (7C) and (8);
(c) in subsection (11)—
(i) in paragraph (a) omit “paragraph (b) below, subsection (12) below or”;
(ii) at the end of paragraph (a) omit “and”;
(iii) omit paragraph (b); and
(iv) in the closing words, omit “(in either case)”;
(d) omit subsection (12);
(e) in subsection (13) omit paragraph (a) (including “and” at the end of that paragraph); and
(f) omit subsection (15).
(3) In section 61 (directors: supplementary provisions as to elections, etc.)—
(a) omit subsection (6); and
(b) in subsection (11) omit “(disregarding his age)”.
(4) In section 80(1) (signing of balance sheet: documents to be annexed)—
(a) for “two directors” substitute “one director”; and
(b) omit “and by the chief executive of the society”.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348264289/article/2 (the official version)
Page: https://openlegislation.uk/draft-building-societies-act-1986-modifications-order-2024/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.