Building Societies Act 1874

Building Societies Act 1874^[a]
Act of Parliament
	Parliament of the United Kingdom
Long title	An Act to consolidate and amend the Laws relating to Building Societies.
Citation	37 & 38 Vict. c. 42
Introduced by	Sir Charles Russell, 3rd Baronet MP (Commons)
Territorial extent	United Kingdom
Dates
Royal assent	30 July 1874
Commencement	2 November 1874
Other legislation
Amends	See § Repealed acts
Repeals/revokes	See § Repealed acts
Amended by	Building Societies Act 1894 ; Building Societies Act 1986 ;
Relates to	Building Societies Act 1894
Status: Amended
History of passage through Parliament
Records of Parliamentary debate relating to the statute from Hansard
Text of statute as originally enacted

Last updated November 29, 2024

The Building Societies Act 1874 (37 & 38 Vict. c. 42) was an act of the Parliament of the United Kingdom that consolidated and amended statutes relating to building societies.

Passage

Leave to bring in the Building Societies Bill to the House of Commons was granted to William McCullagh Torrens MP , Spencer Horatio Walpole MP , Edward Temperley Gourley MP , Sir Gabriel Goldney, Joseph Dodds MP and Sir Charles Russell, 3rd Baronet MP on 30 March 1874.^[1] The bill had its first reading in the House of Commons on X, presented by MP .^[1] The bill had its second reading in the House of Commons on 28 March 1874 and was committed to a select committee,^[1] which reported on 15 May 1874, with amendments.^[1] The amended bill was re-committed to a committee of the whole house,^[1] which met and reported on 4 June 1874, with amendments.^[1] The amended bill was re-committed to a committee of the whole house,^[1] which met on 10 June 1874 and 11 June 1874 and reported on 16 June 1874, with amendments.^[1] The amended bill had its third reading in the House of Commons on 20 June 1874 and passed, without amendments.^[1]

The bill had its first reading in the House of Lords on 22 June 1874.^[2] 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,^[2] which met on 9 July and 16 July 1874 and reported on 16 July 1874, with amendments.^[2] The amended bill had its third reading in the House of Lords on 17 July 1874 and passed, with amendments.^[2]

The amended bill was considered and agreed to by the House of Commons on 22 July 1874.^[1]

The bill was granted royal assent on 30 July 1874.^[2]

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Section 7 of the act repealed the Benefit Building Societies Act 1836 (6 & 7 Will. 3.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.^[3]

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.^[3]

Legacy

The act was described as a Consolidation Act.^[4]

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).

Notes

↑ Section 1.
↑ Section 2.

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References

1 2 3 4 5 6 7 8 9 10 Commons, Great Britain House of (1874). The Journals of the House of Commons (PDF). Vol. 129. pp. 68, 69, 80, 112, 125, 129, 149, 154, 171, 178, 183, 191, 203, 212, 217, 222, 229, 234, 245, 316, 320, 323, 349.
1 2 3 4 5 Lords, Great Britain Parliament House of (1874). The Journals of the House of Lords. Vol. 106. H.M. Stationery Office. pp. 286, 329, 336, 337, 346, 351, 378, 382, 391, 408, 464.
1 2 Britain, Great (1874). The Public General Statutes: With a List of the Local and Private Acts Passed in the ... Years of the Reign of ... : Being the ... Session of the ... Parliament of the United Kingdom of Great Britain and Ireland. G.E. Eyre and W. Spottiswoode, printers to the Queen's most excellent majesty. pp. 231–245.
↑ The Law Journal. Vol. 28. E.B. Ince. 1890. p. 413.

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[1] Section 1.

[2] Section 2.

[:0-3] 1 2 3 4 5 6 7 8 9 10 Commons, Great Britain House of (1874). The Journals of the House of Commons (PDF). Vol. 129. pp. 68, 69, 80, 112, 125, 129, 149, 154, 171, 178, 183, 191, 203, 212, 217, 222, 229, 234, 245, 316, 320, 323, 349.

[:3-4] 1 2 3 4 5 Lords, Great Britain Parliament House of (1874). The Journals of the House of Lords. Vol. 106. H.M. Stationery Office. pp. 286, 329, 336, 337, 346, 351, 378, 382, 391, 408, 464.

[:1-5] 1 2 Britain, Great (1874). The Public General Statutes: With a List of the Local and Private Acts Passed in the ... Years of the Reign of ... : Being the ... Session of the ... Parliament of the United Kingdom of Great Britain and Ireland. G.E. Eyre and W. Spottiswoode, printers to the Queen's most excellent majesty. pp. 231–245.

[6] The Law Journal. Vol. 28. E.B. Ince. 1890. p. 413.

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