| Commentary

52 Joint shareholders

| Commentary

52 Joint shareholders

Shares in a building society may be held jointly1 and in such a case the shareholder who is named first in the records of the society is known as the ‘representative joint holder’2. Unless the rules provide otherwise, the representative joint holder is the only shareholder with whom the society need concern itself with regard to, for example, the giving of notices3 and the entitlement and qualification of the member to vote4. Similar provisions exist relating to joint borrowers5 and the choice of a representative joint borrower6.

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