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Private Member's Bill - Building Societies (Funding) and Mutual Socities (Transfers) Bill

Contact: Rachel Le Brocq
Date: 1 May 2007
 
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A Private Member’s Bill tabled by Sir John Butterfill MP (Con, Bournemouth West) - Building Societies (Funding) and Mutual Societies (Transfers) Bill – has successfully completed its stages in the House of Commons and now proceeds to the House of Lords.

The Bill, previously entitled the Financial Mutuals (Arrangements) Bill, received a name change at Committee Stage as well as a number of Government amendments.

The long title of the Bill now reads;

“A Bill to Make provision in relation to funding limits in respect of building societies; to provide consequential rights to building society members; and to make provision in connection with the transfer of the business of certain mutual societies.”

The Bill and its amendments can be viewed at the link below -

Link the Bill and amendements

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