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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 December 2010 - onwards
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105. Petition to High Court against conversion scheme.

(1) Subject to subsection (1A), a petition for the cancellation of a conversion scheme as confirmed under section 104 may be made to the Court -

(a) by not less than 100 members who were qualified to vote on the conversion resolution approving the conversion scheme, or

(b) with the approval of the Court, by any member of the society.

(1A) Subsection (1) does not apply to a building society that has issued special investment shares where it is proposed that the holder of those shares would pass the conversion resolution by written resolution.

(2) A petition under this section shall be made within one month after the date on which the Central Bank has published notice of its confirmation and registration of the conversion scheme under section 104.

(3) A petition under subsection (1)(a) may be made on behalf of one or more of the persons entitled to make the petition by such one or more of their number as may be appointed in writing for the purpose.

(4) Where a petition has been made to t

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