[102A Rights of second-named joint shareholders]
Building Societies Act 1986 (1986 c 53) | Legislation

[102A  Rights of second-named joint shareholders]

[(1)     This section applies where the terms of a transfer of business by a building society to the company which is to be its successor include such provision as is mentioned in section 100(1).

(2)     If—

(a)     a person (“A”) held shares in the society throughout the requisite period;

(b)     any shares in the society held by A were jointly held for any period (“the joint ownership period”) constituting the whole or part of the requisite period;

(c)     A was the second-named holder of the jointly held shares for the whole or part of the joint ownership period; and

(d)     no person who has

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