After paragraph 20A of Schedule 2 to the 1986 Act there shall be inserted the following paragraph -
"Failure to comply with members' requisition
(1) This paragraph applies where a members' requisition is deposited at a building society's principal office and the society is not relieved of the obligation to call a special meeting by paragraph 20A(9)(a) above.
(2) Subject to sub-paragraph (5) below, if the society does not within 28 days from the date of the deposit of the requisition duly call a meeting to be held within 63 days from that date -
(a) the requisitionists, or any proportion of them exceeding one half, may themselves call a meeting to be held within five months from that date; and
(b) no business shall be conducted at a meeting so called other than that stated in the notice calling it or (where applicable) that mentioned in paragraph 20A(8)(b) above.
(3) A meeting called under sub-paragraph (2) above by requisitionists shall be called in the same manner, as nearly as ma
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