Part 2
Constitution of building societies
Name of society
21Restriction on registration of names
No society shall hereafter be registered under this Act in a name that—
- 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.
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No society shall be registered under this Act in a name that in the opinion of the Registrar is undesirable.
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.
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- Section 21(1)(b): repealed, on , by section 5(1) of the Building Societies Amendment Act 1980 (1980 No 92).
- Section 21(1A): repealed, on , by section 9 of the Building Societies Amendment Act 1987 (1987 No 175).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).