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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 September 1989 - onwards
Version 2 of 2

86. Requisitioning of general meeting of society by resigning auditor.

(1) A notice served on a building society under section 85 by a resigning auditor, which contains a statement in accordance with subsection (3)(b) of that section, may also requisition the convening by the directors of the society of a general meeting of the society for the purpose of receiving and considering such account and explanation of the circumstances connected with his resignation from the office of auditor to the society as the auditor may wish to give to the meeting.

(2) Where an auditor makes a requisition under subsection (1) the directors of the society shall, within 14 days of the service on the society of the said notice, proceed duly to convene a general meeting of the society for a day not more than 28 days after such service.

(3) Subject to subsection (4), where -

(a) a notice served on a society under section 85 contains a statement in accordance with subsection (3)(b) of that section, and

(b) the auditor concerned requests the society to circulate to its members -

(i) before the general meeting at which, apart from the notice, his term of office would expire, or