Source: http://www.legislation.gov.uk/ukpga/1986/53/section/70
Timestamp: 2020-02-29 07:44:51
Document Index: 196875434

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 1', 'art. 10', 'art. 2', 'art. 2']

Building Societies Act 1986, Section 70 is up to date with all changes known to be in force on or before 29 February 2020. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(a)that director’s spouse [F1or civil partner], child or step-child; or
(i)the director, his spouse [F2or civil partner] or any children or step-children of his, or
(ii)a body corporate with which he is associated, or of a trust whose terms confer a power on the trustees that may be exercised for the benefit of the director, his spouse [F2or civil partner], or any children or step-children of his or any such body corporate; or
(a)a reference to a child or step-child of any person includes an illegitimate child of his [F3but does not include any person who has attained the age of 18], and
(4)A director is “associated” with a body corporate if he, his spouse [F4or civil partner], his child or step-child or a person acting in his capacity as trustee of any trust the beneficiaries of which include the director, his spouse [F4or civil partner], child or step-child between them, either—
(a)own at least one-fifth of that body’s equity share capital (within the meaning of [F5the Companies Acts (see section 548 of the Companies Act 2006)]), or
F1Words in s. 70(2)(a) inserted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(b), Sch. 27 para. 123(a); S.I. 2005/3175, art. 2(2)
F2Words in s. 70(2)(c) inserted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(b), Sch. 27 para. 123(a); S.I. 2005/3175, art. 2(2)
F3Words in s. 70(3)(a) inserted (9.6.1997) by 1997 c. 32, s. 43, Sch. 7 para. 28; S.I. 1997/1427, art. 2(k)(n)(vi)
F4Words in s. 70(4) inserted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(b), Sch. 27 para. 123(b); S.I. 2005/3175, art. 2(2)
F5Words in s. 70(4)(a) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 87(4) (with art. 10)
C1S. 70 modified (13.1.1993 for certain purposes only and 1.1.1994 for all remaining purposes) by Friendly Societies Act 1992 (c. 40), s. 27, Sch. 11 Pt. II para. 9(1)(h)(2) (with ss. 7(5), 93(4)); S.I. 1993/16, art. 2, Sch. 1; S.I. 1993/2213, art. 2, Sch. 5.