Building Societies Act

39. Persons under twenty-one

Edition: 2022-12-31 · In force

39. Persons under twenty-one

(1)A person who is under the age of twenty-one years may be admitted as a member of a building society the rules of which do not prohibit his admission.

(2)A member of a building society while under the age of twenty-one years may—

(a)give all necessary acquaintances;

(b)consent to the dissolution of the society; and

(c)by his next friend, present a petition for winding-up; but may not—

(i)vote at any meeting of the society;

(ii)hold any office in the society;

(iii)transfer any share standing in his name; or

(iv)execute a mortgage to secure advances made to him by the society.

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Source: Kenya Law