Commentary

17 Effect of the memorandum

BUILDING SOCIETIES vol 6(1)
| Commentary

17 Effect of the memorandum

| Commentary

17 Effect of the memorandum

The provisions of the memorandum of a building society, as read with the provisions of the Building Societies Act 1986 as are in force for the time being, are binding upon each of the members and officers of the building society, and all persons claiming on account of a member or under the rules, and all such members, officers and persons so claiming and all persons dealing with the society are taken to have notice of those provisions1.

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