Management and administration - Directors and other officers
84: Giving of security by officers of society
You could also call this:
“Building society officers no longer need to provide a deposit or guarantee to do their job”
The law used to require officers of building societies to give security. This meant they had to provide a guarantee or deposit to show they would do their job properly. However, this rule no longer exists. The government removed it on 1 September 1987. Now, building society officers don’t have to give security anymore.
