Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Constitution of building societies - Commencement of business

31: Commencement of balloting for appropriations

You could also call this:

"This rule about starting the process of drawing lots for building society money no longer exists"

This part of the law used to talk about how to start the process of drawing lots for building society funds. However, it's no longer part of the current law. The government removed this section on 1 April 1981. This means that the rules about starting to draw lots for building society money are not used 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=DLM371636.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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30: Commencement of advertising, or

"When building societies could start advertising (old rule)"

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31A: Bonus balloting shares and bonus ballots, or

"Rules for special shares that could win you prizes in a building society"

Part 2Constitution of building societies
Commencement of business

31Commencement of balloting for appropriations (Repealed)

    Notes
    • Section 31: repealed, on , by section 7(1)(c) of the Building Societies Amendment Act 1980 (1980 No 92).