Section 85(1)

For the purpose of exercising the fifth stabilisation option in respect of a building society the Treasury may make one or more orders for the purposes of— arranging for deferred shares of a building society to be publicly owned, cancelling private membership rights in the building society, allowing the building society to continue in business while in public ownership, and eventually either winding up or dissolving the building society.

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Source: legislation.gov.uk · retrieved 2026-09-04