Legal Definition and Related Resources of Building Society

One established for the purpose of raising, by the subscriptions of some of its members, a stock or fund for making advances to others of its members upon security of freehold or leasehold estate, by way of mortgage. (Building Societies Act, 1874, s. 13.)

Browse or run a search for Building Society in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Building Society in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Building Society in Historical Law in the Encyclopedia of Law.

For more information about Historical Law definitions, see Historical Definitions in the Encyclopedia of Law. For more information about Historical Law Books and Legal Documents, see Legal Encyclopedia of Historical Books and Documents and Legal Encyclopedia of Books and Documents of the 20th Century.

Search for legal acronyms and/or abbreviations containing Building Society in the Legal Abbreviations and Acronyms Dictionary.

You might be also interested in these legal terms:

What does Building Society mean in American Law?

The definition of Building Society in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

British term for what in the U.S. was called a “building and loan association,” for which see savings and loan association.

English Legal System: Building Society

In the context of the English law, A Dictionary of Law provides the following legal concept of Building Society : A corporation established under the Building Societies Acts for the purpose of making loans to its members on the security of mortgages on their homes, out of funds invested by its members. Generally a building society’s security must be a first legal mortgage on the borrower’s home. However, the Building Societies Act 1986 now empowers societies to lend on the security of second mortgages and to provide a wide range of banking and other financial services.