Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Constitution of building societies - Purchase of shares in terminating societies

27B: Agreements to purchase shares

You could also call this:

"This rule about buying shares in building societies no longer exists"

This part of the law used to talk about agreements to purchase shares in building societies. However, it was removed from the law on 1 April 1981. This means that this section no longer applies and you don't need to worry about it anymore.

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 It might be out of date or be missing some parts.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=DLM371620.

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

27A: Interpretation, or

"This part explaining how to buy shares in certain societies no longer exists"

Next

27C: Right of purchaser to cancel agreement, or

"A rule about cancelling share purchases was removed"

Part 2Constitution of building societies
Purchase of shares in terminating societies

27BAgreements to purchase shares (Repealed)

    Notes
    • Section 27B: repealed, on , by section 7(1)(a) of the Building Societies Amendment Act 1980 (1980 No 92).