Building Societies Act 1965

Management and administration - Meetings and resolutions

77: Length of notice of meetings

You could also call this:

"How long before a meeting members must be told"

When a building society wants to have a meeting, they need to tell their members about it ahead of time. This is called giving notice. The rules say that the society must give at least 14 clear days' notice in writing before any meeting. This means you need to have 14 full days between when you get the notice and when the meeting happens.

If the society's rules say they can give less than 14 days' notice, that part of their rules doesn't count. It's not allowed. However, the society can make rules that say they need to give more than 14 days' notice if they want to.

When the society gives 14 days' notice like this, it counts as following the rules properly. This is important because it means the meeting is official and any decisions made there are valid.

There's also a rule about how early the society can tell you about a meeting. They're not allowed to send out the notice more than 56 days (which is about 8 weeks) before the meeting date. This stops them from telling you about meetings too far in advance.

These rules help make sure that everyone in the society has enough time to prepare for meetings, but also that the meetings happen within a reasonable time after you're told about them.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372008.


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Part 7Management and administration
Meetings and resolutions

77Length of notice of meetings

  1. Any provision in a society's rules shall be void so far as it provides for the calling of a meeting of the society, other than an adjourned meeting, by a shorter notice than 14 clear days' notice in writing.

  2. Except so far as the rules of a society make other provision in that behalf (not being a provision made void by subsection (1)), a meeting of a society, other than an adjourned meeting, may be called by not less than 14 clear days' notice in writing.

  3. Where notice is given in accordance with subsection (2), the notice shall be taken for the purposes of this Act or any other Act to have been duly given according to the society's rules.

  4. Notice of a meeting of a society shall not be sent to its members more than 56 days before the date of the meeting.

Compare
  • Building Societies Act 1962 s 65 (UK)