Building Societies Commission v Halifax Building Society

Subject Matter

BUILDING SOCIETY — Transfer of business — Transfer to specially formed company — Allocation of fixed number of free shares to members regardless of duration of membership — Whether allocation to members of less than two years' standing lawful — Whether made to “other subscribers” — Building Societies Act 1986, s 100(8)

[1997] Ch 255; [1996] 3 WLR 1158; [1995] 3 All ER 193; [1995] CLC 548, Ch D