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New Zealand law explained for everyone

Building Societies Act 1965

Management and administration - Directors and other officers

88: Notice of changes in holding of certain offices

You could also call this:

“Telling officials when important people join or leave a building society”

When someone becomes or stops being a director, manager, or secretary of a building society, the society needs to tell the Registrar about it. They have to do this within one month of the change happening.

The society must give the Registrar some information about the person. This includes their full name, address, and what job they started or finished.

If the society doesn’t tell the Registrar about these changes, they’re breaking the law. The society and any of its officers who didn’t follow this rule can get in trouble.

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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=DLM372031.

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Part 7 Management and administration
Directors and other officers

88Notice of changes in holding of certain offices

  1. If a person becomes, or ceases to be, a director or the manager or secretary of a society, the society must give notice of the change to the Registrar for registration within 1 month after the change.

  2. The notice must state the full name and address of the person and details of the office that he or she has taken or relinquished.

  3. Repealed

  4. If a society fails to comply with this section, the society, and every officer of the society who is in default, shall be guilty of an offence against this Act.

Compare
  • Building Societies Act 1962 s 75 (UK)
Notes
  • Section 88(1): replaced, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).
  • Section 88(1A): inserted, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).
  • Section 88(2): repealed, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).