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Power To Hold Land Etc, For Purposes Of Its Business

Volume 98: debated on Wednesday 4 June 1986

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: No. 8, in page 5, line 40, leave out from 'may to end of line and insert

', otherwise than by acquisition, provide itself with premises'.

No. 9, in page 6, line 4, at end insert—

'(3A) A building society may exercise the powers conferred by subsections (1) and (2) above as regards premises situated outside, as well as premises situated within, the United Kingdom'.

No. 10, in page 6, line 5, after 'acquisition', insert 'or provision'.

No. 11, in page 6, line 7, leave out

'premises may be acquired and held'

and insert

'society may acquire or otherwise provide itself with and hold the premises'. —[Mr. Ian Stewart.]