Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Constitution of building societies - Functions and general powers of building societies

12: Powers in relation to land

You could also call this:

"Building societies can't do things with land anymore"

Illustration for Building Societies Act 1965

You can't do anything with land under this part of the law anymore. The government removed this rule on 1 September 1987. Before that date, building societies had some powers related to land, but now those powers no longer exist.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM371381.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
Previous

11: Power to raise and repay funds, or

"Building societies can get and give back money using shares"

Next

13: Mode of establishing society, or

"How to start a building society in New Zealand"

Part 2Constitution of building societies
Functions and general powers of building societies

12Powers in relation to land (Repealed)

    Notes
    • Section 12: repealed, on , by section 5 of the Building Societies Amendment Act 1987 (1987 No 175).