The Building Society Act (1986)
Key Points
- Building societies allowed to 'demutualise', giving them similar powers to banks
- Building societies no longer just covered their costs but now also generated money for shareholders
- 'Carperbaggers' joined building societies in order to vote to demutualise them and gain a windfall payment [[/footnote]]
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Table of Contents
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History
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See also
Other Acts of Parliament (UK)
Building Societies
Co-operatives
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External links
http://www.bsa.org.uk/consumer/factsheets/100003.htm
http://www.opsi.gov.uk/acts/acts1986/pdf/ukpga_19860053_en.pdf
