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New Zealand law explained for everyone

Building Societies Act 1965

Constitution of building societies - Name of society

22: Society to use registered name

You could also call this:

“Building societies must use their official registered name or face penalties”

You must use the name that your society is registered under. You can’t use any other names or titles. However, if you need to, you can ask the Registrar for permission to use a shorter version of your name for specific reasons.

If your society uses a name that isn’t its registered name without permission, it’s breaking the law. This means the society and any directors involved in using the wrong name could get in trouble. They might have to pay a fine of up to $20. If they keep using the wrong name, they might have to pay another $20 for each day they continue to do so.

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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=DLM371609.

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Part 2 Constitution of building societies
Name of society

22Society to use registered name

  1. A society shall not use any name or title other than its registered name: provided that the Registrar may from time to time, by writing, authorise any society to use for any specified purpose or purposes any abbreviation of that name approved by him or her in that behalf.

  2. If any society contravenes the provisions of subsection (1), the society, and every director of the society who is a party to the contravention, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20 and, if the offence is a continuing one, to a further fine not exceeding $20 for every day during which the offence has continued.

Compare
  • Building Societies Act 1962 s 15 (UK)
Notes
  • Section 22(2): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).