Part 2Constitution of building societies
Functions and general powers of building societies
9BPowers of building societies
Subject to any restrictions or prohibitions contained in the rules of a society, a society shall have all such powers, rights, and authorities as are conferred on it by this Act and all such other powers not inconsistent with this Act as may be reasonably necessary to enable it to carry on its functions.
Any power, right, or authority that a society has pursuant to this Act may be exercised—
- as a principal, agent, attorney, contractor, trustee, or otherwise:
- by or through an agent, attorney, contractor, trustee, or otherwise.
Notes
- Section 9B: inserted, on , by section 4(1) of the Building Societies Amendment Act 1987 (1987 No 175).