When a building society changes into a company, there's a plan that explains how this will happen. This plan might change some of the rights or responsibilities that people had with the building society. Here's what you need to know about these changes:

If the plan changes any rights or responsibilities that existed before the change to a company, those old rights and responsibilities won't work the same way anymore. After the change happens, you can't use those old rights or expect the company to follow those old responsibilities. Instead, you have to follow what the new plan says.

The plan might also create new rights or responsibilities that start right after the building society becomes a company. If this happens, you can use these new rights or expect the company to follow these new responsibilities from the day the change happens.