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Building Societies Act 1965

Constitution of building societies - Purchase of shares in terminating societies

27D: Effect of cancellation of agreement

You could also call this:

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

This part of the law used to talk about what happens when an agreement is cancelled. It was about buying shares in building societies that were ending. However, this section was removed from the law on 1 April 1981. This means it no longer applies and you can't use it anymore.

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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=DLM371624.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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27C: Right of purchaser to cancel agreement, or

"A rule about cancelling share purchases was removed"

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27E: No contracting out, or

"This rule about agreements for buying shares in certain societies no longer exists"

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

27DEffect of cancellation of agreement (Repealed)

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    • Section 27D: repealed, on , by section 7(1)(a) of the Building Societies Amendment Act 1980 (1980 No 92).