(1) Whenever a person (in this section referred to as a judgment creditor) obtains in any court a judgment, order or decree against a building society for the payment of a sum of money due to the judgment creditor by the society, the registrar or clerk of the court concerned shall notify the Central Bank as soon as may be of the judgment, order or decree and of its terms and of any appeal against the judgment, order or decree and of the result thereof.
(2) Subject to subsection (3), if within the period of 21 days beginning on the date of the judgment, order or decree, the society does not pay all moneys due (or in the case of costs, at the option of the society, give security therefor in lieu of payment) or satisfy all claims under the judgment, order or decree, the society shall be deemed to be unable to meet its obligations to its creditors and, for the purposes of section 109, to be unable to pay its debts.
(3) If an appeal is instituted in any court against the judgment, order or
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