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Building Societies Act 1965

Management and administration - Directors and other officers

85: Duty of officers to account

You could also call this:

"This rule about how building society officers had to explain their actions was removed"

You should know that this law about the duty of officers to account has been removed. It was part of the Building Societies Act 1965, but it's not in effect anymore. The government took it out of the law on 1 September 1987. This means that the rules it used to have about how officers in building societies had to explain their actions don't apply anymore.

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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=DLM372025.

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84: Giving of security by officers of society, or

"Building society officers no longer need to provide a deposit or guarantee to do their job"

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"Directors must tell others about their business interests"

Part 7Management and administration
Directors and other officers

85Duty of officers to account (Repealed)

    Notes
    • Section 85: repealed, on , by section 18 of the Building Societies Amendment Act 1987 (1987 No 175).