(1) This section contains provisions about the execution of documents by a registered society under the law of England and Wales.

(2) A registered society which has a common seal may execute a document by affixing its common seal to it.

(3) A document -

(a) signed by 2 authorised signatories (see subsection (6)), and

(b) expressed (in whatever form of words) to be executed by a registered society,

has the same effect as if it were executed under the society's common seal.

(4) A document executed by a registered society which makes it clear on its face that it is intended by the person or persons making it to be a deed -

(a) has effect, upon delivery, as a deed, and

(b) is presumed to be delivered upon its being executed by the society, unless a contrary intention is proved.

(5) In favour of a purchaser -

(a) a document is treated as duly executed by a registered society if it purports to be signed by 2 authorised signatories, and