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Building Societies Act 1965

Borrowing powers. Investors and depositors

61: New investors and depositors to receive copies of accounts

You could also call this:

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

This section of the law was about giving new investors and people who put money into building societies copies of the accounts. However, this rule no longer exists. It was removed from the law on 1 September 1987. This means that building societies don't have to follow this rule 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=DLM371749.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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60: Assistance to other building societies, or

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

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62: Depositor under age of 20, or

"People under 20 can no longer use special rules for putting money in building societies"

Part 5Borrowing powers. Investors and depositors

61New investors and depositors to receive copies of accounts (Repealed)

    Notes
    • Section 61: repealed, on , by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).