Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Borrowing powers. Investors and depositors

60: Assistance to other building societies

You could also call this:

"This section about helping other building societies was removed from the law"

You can no longer read about assistance to other building societies in this part of the law. The government removed this section from the Building Societies Act 1965 on 1 September 1987. This means the rules that used to be here don't apply 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=DLM371746.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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59: Liability for borrowing in excess of powers, or

"This rule about borrowing too much money from building societies no longer exists"

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61: New investors and depositors to receive copies of accounts, or

"Old rule about sharing money details with new members was removed"

Part 5Borrowing powers. Investors and depositors

60Assistance to other building societies (Repealed)

    Notes
    • Section 60: repealed, on , by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).