{
  "url": "https://openlegislation.uk/draft-building-societies-act-1986-modifications-order-2024/introduction",
  "json_url": "https://openlegislation.uk/draft-building-societies-act-1986-modifications-order-2024/introduction.json",
  "legislation": "ukdsi/2024/9780348264289",
  "legislation_title": "The Building Societies Act 1986 (Modifications) Order 2024",
  "legislation_url": "https://openlegislation.uk/draft-building-societies-act-1986-modifications-order-2024",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Draft Order laid before Parliament under section 104(5) of the Building Societies Act 1986, for approval by resolution of each House of Parliament.\nBuilding Societies\nMade ***\nComing into force ***\nIt appears to the Treasury, on modification of the statutory provisions in force in Great Britain and Northern Ireland relating to companies, to be expedient to modify the relevant provisions of the Building Societies Act 1986 (“the 1986 Act”) for the purpose of assimilating the law relating to companies and the law relating to building societies, and accordingly the Treasury make this Order in exercise of the power conferred by section 104(1) of the 1986 Act.\nIn accordance with section 104(5) of the 1986 Act a draft of this Order has been laid before and approved by a resolution of each House of Parliament.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The relevant modifications of such statutory provisions are those made by: (i) the repeal of sections 293 (age limit for directors) and 294 (duty of director to disclose his age) of the Companies Act 1985 (c. 6) by section 1295 of and Schedule 16 to the Companies Act 2006 (c .46); (ii) the repeal of section 233 (approval and signing of accounts) of the Companies Act 1985 as inserted by section 7 of the Companies Act 1989 (c.68) (which in turn replaced section 238 of the Companies Act 1985 (signing of balance sheet: documents to be annexed)) by section 1295 of and Schedule 16 to the Companies Act 2006 and the replacement of section 233 of the Companies Act 1985 by section 414 (approval and signing of accounts) of the Companies Act 2006; and (iii) the repeal of the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032) (N.I.6)) which contained in articles 301 (age limits for directors), 302 (duty of director to disclose his age) and 241 (approval and signing of accounts) corresponding provisions to those in the Companies Act 1985 by section 1295 of and Schedule 16 to the Companies Act 2006 (which by section 1299 extends to the whole of the United Kingdom)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1986 c. 53. For the purposes of this Order it is material that the provisions of Parts 7 and 8 of the 1986 Act (in which sections 60, 61 and 80 are respectively to be found) are specified in section 104(2)(b) and (c) of that Act as “relevant provisions”."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1986 c. 53. Section 104 was amended by Schedule 7 to the Building Societies Act 1997 (c. 32) and section 211(1) of the Companies Act 1989 (c. 40)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348264289/introduction",
    "retrieved_at": "2026-10-30T14:40:37.811399+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}