Commentary on Sections Building societies Section 86: Distribution of assets on dissolution or winding up
236.This section allows the Treasury to make provision by order for the distribution of surplus assets of a building society that is subject to a property transfer and then later wound up or dissolved. The order may, for example, also alter priorities on a building society’s dissolution or winding up.
237.Subsection (4)(c) makes an order under this section subject to the affirmative procedure.