70 Interpretation of this Part
Building Societies Act 1986 (1986 c 53) | Legislation

Interpretation

70  Interpretation of this Part

(1)     The following provisions apply for the interpretation of this Part.

(2)     A person is “connected with” a director of a building society if, but only if, he (not being himself a director of it) is—

(a)     that director's spouse [or civil partner], child or step-child; or

(b)     a body corporate with which the director is associated; or

(c)     a person acting in his capacity as trustee of any trust the beneficiaries of which include—

(i)     the director, his spouse [or civil partner] or any children or step-children of his, or

(ii)     a body corporate with which he is associated, or of a trust whose terms confer a power on the trustees that may be exercised for the benefit of the director, his spouse

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