[37 Powers to petition for winding up etc]
Building Societies Act 1986 (1986 c 53) | Legislation

[37  Powers to petition for winding up etc]

[(1)     Where—

(a)     by virtue of section 36(13) the powers conferred by this section become exercisable in relation to a building society;

(b)     by virtue of section 36A(12) the power conferred by this subsection becomes so exercisable; or

(c)     the [appropriate authority] has reason to believe that a building society has ceased to comply with the requirement imposed by section 5(1)(a) (purpose or principal purpose),

the [appropriate authority] may present a petition to the

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