89 Winding up by court: grounds and petitioners
Building Societies Act 1986 (1986 c 53) | Legislation

89  Winding up by court: grounds and petitioners

(1)     A building society may be wound up under the applicable winding up legislation by the court on any of the following grounds in addition to the grounds referred to or specified in section 37(1), that is to say, if—

(a)     the society has by special resolution resolved that it be wound up by the court;

(b)     the number of members is reduced below ten;

(c)     the number of directors is reduced below two;

(d)     being a society registered as a building society under this Act or the repealed enactments, the society has

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