117 Financial year of building societies

117  Financial year of building societies

[(1)     A building society's financial years (apart from its final financial year) are determined according to its year-end date in each calendar year.

For provision about a building society's final financial year, see subsection (1G).

(1A)     The year-end date of a building society established before 25th August 1894 is—

(a)     the date up to which, as at 1st January 1987, the accounts of the society were annually made up, or

(b)     if the society has, at any time before the day on which subsection (1) comes

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