// Workers AI · dad joke modeWhat did the Building Societies Act 1962 say to its friend? "You can bank on me

Building Societies Act 1962

Act of Parliament
Parliament of the United Kingdom
Long title	An Act to consolidate (with corrections and improvements made under the Consolidation of Enactments (Procedure) Act, 1949) the Building Societies Acts, 1874 to 1960, and certain related enactments, except certain provisions of those Acts relating to the winding up of building societies and provisions relating to unincorporated societies.
Citation	10 & 11 Eliz. 2. c. 37
Territorial extent	England and Wales Scotland
Dates
Royal assent	19 July 1962
Commencement	1 October 1962
Repealed	1 January 1987
Other legislation
Amends	See § Repealed enactments
Repeals/revokes	See § Repealed enactments
Amended by	Family Law Reform Act 1969 Statute Law (Repeals) Act 1969 Statute Law (Repeals) Act 1974 Law Reform (Miscellaneous Provisions) (Scotland) Act 1985
Repealed by	Building Societies Act 1986
Status: Repealed
Text of statute as originally enacted

The Building Societies Act 1962 (10 & 11 Eliz. 2. c. 37) was an act of the Parliament of the United Kingdom that consolidated enactments related to building societies in Great Britain.

Provisions

Repealed enactments

Section 131 of the Act repealed 10 enactments and revoked 2 orders, listed in parts I and II respectively of the tenth schedule to the act.

Part I - enactments repealed

Citation	Short title	Extent of repeal
37 & 38 Vict. c. 42	Building Societies Act 1874	The whole act except sections one, four and seven, and, in section thirty-two, the words "A society under this Act may terminate or be dissolved" and paragraph 4.
38 & 39 Vict. c. 9	Building Societies Act 1875	The whole act.
40 & 41 Vict. c. 63	Building Societies Act 1877	The whole act.
47 & 48 Vict. c. 41	Building Societies Act 1884	The whole act.
57 & 58 Vict. c. 47	Building Societies Act 1894	The whole act except sections eight and twenty-nine.
59 & 60 Vict. c. 25	Friendly Societies Act 1896	In section two, paragraph (6) of subsection (1). In section four, paragraph (6) of subsection (1).
2 & 3 Geo. 6. c. 55	Building Societies Act 1939	The whole act.
3 & 4 Geo. 6. c. 19	Societies (Miscellaneous Provisions) Act 1940	Section five.
8 & 9 Eliz. 2. c. 64	Building Societies Act 1960	The whole act except sections sixty-three, seventy-two and seventy-five, the definition of "member" in subsection (1) of section seventy-three, section seventy-seven, and, in the Fifth Schedule, the entries relating to the Friendly Societies Act, 1829, and to section thirty-two of the Building Societies Act, 1874.
9 & 10 Eliz. 2. c. 62	Trustee Investments Act 1961	Paragraph 2 of the Fourth Schedule.

Part II - Orders revoked

Citation	Short title	Extent of repeal
SI 1961/1183	Building Societies (Additional Security) Order 1961	The whole order.
SI 1961/2245	Building Societies (Additional Security) (No. 2) Order 1961	The whole order.

Subsequent developments

Section 131 of, and schedule 10 to, the act were repealed by section 1 of, and part XI of the schedule to, the Statute Law (Repeals) Act 1974, which came into force on 27 June 1974.

Most of the act was repealed by section 120(2) of, and schedule 19 to, the Building Societies Act 1986, which came into force on 1 January 1987. The remainder of the act, including Part VII (dissolution and winding up of building societies), was repealed on 1 January 1988.

External links

• Text of the Building Societies Act 1962 as originally enacted or made within the United Kingdom, from legislation.gov.uk.