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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 1997 - onwards
  Version 3 of 3    

19. Power for Treasury to add powers to hold other descriptions of class 3 assets.

Repealed from 1 December 1997

(1) The Treasury may, with a view to extending or altering, or extending to other descriptions of building societies, the forms of property which are to constitute class 3 assets in the hands of building societies or building societies of particular descriptions, by order -

(a) specify forms of property which a building society is to have power to acquire, hold and dispose of as assets of that class, subject to any specified conditions or restrictions;

(b) without prejudice to paragraph (a) above, specify descriptions of bodies corporate shares or other interests or rights in which a building society is to have power to acquire, hold and dispose of as assets of that class, subject to any specified conditions or restrictions;

(c) make any amendments of or repeals in this Act which are consequential on the exercise of its powers under paragraph (a) or (b) above;

(d) make such incidental, supplemental or transitional provision as it considers necessary or expedient.

(2) The powers co

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