Building Societies Act 1965

Borrowing powers. Investors and depositors

62: Depositor under age of 20

You could also call this:

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

This law used to be about people under 20 years old who put money into a building society. However, it no longer exists. The government removed this rule on 1 September 1987. If you want to know more about how young people can use building societies now, you'll need to look at newer laws.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM371751.


Previous

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

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


Next

63: Designation of societies for investments by trustees, or

"Old rule about choosing special building societies for trustees to invest in"

Part 5Borrowing powers. Investors and depositors

62Depositor under age of 20 (Repealed)

    Notes
    • Section 62: repealed, on , by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).