Part 7Management and administration
Directors and other officers
83Directors
Every society shall have at least 2 directors.
Building Societies Act 1965
Management and administration - Directors and other officers
83: Directors
"Building societies need at least two people to run them"
A building society in New Zealand must have at least two directors. This means that every building society needs to have two or more people who are in charge of running the organisation. These people are called directors. It's important for a building society to have more than one director to help make decisions and manage the society's affairs.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372022.
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