Section 10.

Part I The Memorandum

1. The memorandum of a building society shall specify -

(a) the name of the society;

(b) the objects of the society;

(c) the adoptable powers (if any) and any restrictions thereon which the society has adopted in accordance with section 36; and

(d) the restrictions (if any) which the society has assumed on the extent of any of its other powers under this Act.

2. In order to comply with paragraph 1(c) and (d) the terms of each adoptable power and of each restriction on the extent of any power must be set out in the memorandum.

3. For compliance with paragraph 1(c) as respects the powers referred to in section 28 the memorandum shall state the fact that the powers of investment and support have been adopted in the case of bodies to which section 28(1)(a) refers or approved housing bodies and the purpose of the investment or support.