Building Societies Act, 1976

• Permanent Page URL

Interpretation.

2.—(1) In this Act—

“Act of 1954” means the Arbitration Act, 1954 ;

“Act of 1963” means the Companies Act, 1963 ;

“Act of 1971” means the Central Bank Act, 1971 ;

“alteration”, in relation to the rules of a society, includes any addition to the rules and also includes the rescission of all or any of the rules, whether with or without the substitution of one or more than one rule for any rules rescinded, and cognate words shall be construed accordingly;

“bank” means the holder of a licence under section 9 of the Act of 1971;

“board of directors”, in relation to a society managed by a committee of management, means that committee;

“Central Bank” means the Central Bank of Ireland;

“commission” includes any gift, bonus, fee, payment or other benefit;

“Court” means the High Court, except where the context otherwise requires;

“director” includes a member of a committee of management and any other person occupying the position of director, by whatever name called;

“member”, in relation to a society, has the meaning assigned to it by section 17;

“member of the family”, in relation to a person, means the spouse, son, daughter, step-son, step-daughter, adopted son or adopted daughter of that person;

“Minister” means the Minister for Local Government;

“mortgage” includes charge;

“officer”, in relation to a society, includes a director, chief executive or secretary, and in Part V also includes an auditor;

“prescribed” means prescribed by regulations made under this Act;

“Registrar” has the meaning assigned to it by section 85;

“society” means a building society established under this Act for the purpose of raising, in accordance with this Act, funds (by the subscriptions of the members, the acceptance of deposits and loans) for making loans to members on security by the mortgage of freehold or leasehold estate or interest;

“solicit deposits or subscriptions for shares” includes publish or display any matter soliciting deposits or subscriptions for shares whether by notice, circular, photograph, film, sound broadcasting, television, personal canvassing or otherwise;

“special resolution” has the meaning assigned to it by section 56.

(2) In this Act a reference to a Part or section is to a Part or section of this Act, unless it is indicated that reference to some other enactment is intended.

(3) In this Act a reference to a subsection, paragraph or subparagraph is to the subsection, paragraph or subparagraph of the provision in which the reference occurs, unless it is indicated that reference to some other provision is intended.