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Building Societies Act 1965

Constitution of building societies - Purchase of shares in terminating societies

27C: Right of purchaser to cancel agreement

You could also call this:

"A rule about cancelling share purchases was removed"

The law used to say something about your right to cancel an agreement when buying shares in a terminating society. However, this part of the law was removed on 1 April 1981. This means that this specific right no longer exists in the Building Societies Act 1965.

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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=DLM371622.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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27B: Agreements to purchase shares, or

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

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27D: Effect of cancellation of agreement, or

"What happens when an agreement to buy shares in a closing building society is cancelled (no longer applies)"

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

27CRight of purchaser to cancel agreement (Repealed)

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    • Section 27C: repealed, on , by section 7(1)(a) of the Building Societies Amendment Act 1980 (1980 No 92).