(1) In this section and in Schedule 16 -
"building society" means a building society incorporated or deemed by section 124(2) of the Building Societies Act, 1989, to be incorporated under that Act, and references to "society" shall be construed accordingly;
"successor company" means a successor company within the meaning of Part XI of the Building Societies Act, 1989.
(2) Schedule 16 shall apply where a society converts into a successor company in accordance with Part XI of the Building Societies Act, 1989.