Building Societies Act 1965

Constitution of building societies - Name of society

21: Restriction on registration of names

You could also call this:

“Building societies must have unique names to avoid confusion”

You can’t give a building society the same name as another building society, company, or organisation in New Zealand. This is to avoid confusion. If you want to use a similar name, you need to get permission from the other group and show the Registrar that it’s okay.

The Registrar won’t let you use a name they think is not good for a building society.

These rules don’t change any other laws about using names.

If a building society doesn’t follow these rules about its name, the society and its leaders can get in trouble for breaking the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM371605.


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"You can ask for and get a copy of a society's rules"


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22: Society to use registered name, or

"Building societies must use their official registered name or face penalties"

Part 2 Constitution of building societies
Name of society

21Restriction on registration of names

  1. No society shall hereafter be registered under this Act in a name that—

  2. is identical with that of any other building society, or of a company carrying on business in New Zealand (whether registered in New Zealand or not), or of any other body corporate established or registered in New Zealand under any Act, or so nearly resembles that name as to be calculated to deceive, except where that other society or company or body corporate, as the case may be, signifies its consent in such manner as the Registrar requires, and the Registrar is satisfied that registration of the society in the proposed name will not be contrary to the public interest.
      1. Repealed
      2. No society shall be registered under this Act in a name that in the opinion of the Registrar is undesirable.

      3. Except as provided in subsection (1), nothing in this section shall limit or affect the provisions of any enactment, other than this Act, relating to restrictions on the use of any name.

      4. If any society fails to comply with any requirements of this Act in relation to the name of the society or to a change of name of the society, the society and every officer of the society in default commits an offence against this Act.

      Compare
      • 1908 No 18 s 16
      • 1951 No 37
      • Building Societies Act 1962 s 2(2) (UK)
      Notes
      • Section 21(1)(b): repealed, on , by section 5(1) of the Building Societies Amendment Act 1980 (1980 No 92).
      • Section 21(1A): repealed, on , by section 9 of the Building Societies Amendment Act 1987 (1987 No 175).
      • Section 21(4): inserted, on , by section 5(3) of the Building Societies Amendment Act 1980 (1980 No 92).