# The Building Societies (Floating Charges and Other Provisions) Order 2016, Article 2: Floating charges: application of companies winding up legislation


In Schedule 15 to the Act (application of companies winding up legislation to building societies) for paragraph 16 substitute—
“16. (1) Section 122 (circumstances in which company may be wound up by the court) of the Act does not apply in relation to a building society whose principal office is situated in England and Wales.
(2) Section 122 has effect in relation to a building society whose principal office is situated in Scotland as if subsection (1) were omitted.”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111143445/article/2 (the official version)
Page: https://openlegislation.uk/draft-building-societies-floating-charges-and-other-provisions-order-2016/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.