Building Societies Act, 1989

Documents to be laid before annual general meeting.

82.—(1) The directors of a society shall lay before the society at the annual general meeting the annual accounts in respect of the last financial year.

(2) The directors of a society shall send a copy of the annual accounts for the last financial year to the Central Bank not later than 21 days before the date of the annual general meeting and the Bank shall keep a copy of those documents in the public file of the society.

(3) Every society shall, as from the date by which at the latest its directors are required to send them to the Central Bank, make copies of the annual accounts available to members of and depositors with the society at every office of the society during office hours and shall send copies of those documents within 7 days to any member or depositor who demands them on payment of such fee as may be fixed by the Bank.

(4) The Central Bank may, if it thinks fit, require a society to send free of charge within a specified time a copy of any document referred to in this section to every member of the society.

(5) In this section any reference to the annual accounts includes a reference to the documents annexed or attached to them under section 81 .

(6) If default is made in complying with subsection (1), (2) or (3) every person who was a director at the time of the default shall be guilty of an offence.