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New Zealand law explained for everyone

Building Societies Act 1965

Investment and borrowing

56F: Designation of societies for investments by trustees

You could also call this:

"This rule about choosing special building societies for trustees to invest in doesn't exist anymore"

This law used to be about choosing building societies where trustees could invest money. However, it no longer exists. The government removed this rule on 1 October 1988. If you want to know about where trustees can invest money now, you would need to look at newer laws.

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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=DLM371773.

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Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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"Young people can get money back from building societies"

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Part 5AInvestment and borrowing

56FDesignation of societies for investments by trustees (Repealed)

    Notes
    • Section 56F: repealed, on , by section 16(1) of the Trustee Amendment Act 1988 (1988 No 119).