Building Societies Act 1874

Leave to bring in the Building Societies Bill to the House of Commons was granted to William McCullagh Torrens , Spencer Horatio Walpole , Edward Temperley Gourley , Sir Gabriel Goldney, Joseph Dodds and Sir Charles Russell, 3rd Baronet on 30 March 1874. The bill had its first reading in the House of Commons on X, presented by . The bill had its second reading in the House of Lords on 6 July 1874 and was committed to a committee of the whole house, which met on 9 July and 16 July 1874 and reported on 16 July 1874, with amendments. The amended bill had its third reading in the House of Lords on 17 July 1874 and passed, with amendments. The amended bill was considered and agreed to by the House of Commons on 22 July 1874. The bill was granted royal assent on 30 July 1874. == Provisions ==

Section 7 of the act repealed the Benefit Building Societies Act 1836 (6 & 7 Will. 3. c. 32), but provided that this would not affect any societies incorporated or acts done under that act before repeal. Section 8 of the act provided that every society incorporated under the Benefit Building Societies Act 1836 (6 & 7 Will. 3. c. 32) may be able to obtain a certificate of incorporation under the act, unless otherwise provided. == Subsequent developments ==

The act was described as a Consolidation Act. Paragraphs 2 and 4 of section 16 and parts of section 43 of the act were repealed by the Building Societies Act 1894 (57 & 58 Vict. c. 47). The whole act except sections 1, 4 and 7, and, in section 32, the words "A society under this Act may terminate or be dissolved" and paragraph 4, was repealed by section 131 of, and the tenth schedule to, the Building Societies Act 1962 (10 & 11 Eliz. 2. c. 37). == Notes ==