text_body: --- DIVISION TITLE ---
  
  Banking (Special Provisions) Bill - Application to Building Societies
  
  --- MOTION EFFECT ---
  
  
  
  <p>The majority voted against limiting the powers[1] of the Treasury to order the transfer property, rights and liabilities from an "authorised UK deposit taker" to another corporate body[2] to <b>not</b> apply to building societies.</p>
  
  <p>Since the legislation was ostensibly for the purpose of nationalizing Northern Rock,[3] which is bank not a building society, the question over why the target was so wide was a legitimate one.</p>
  
  <ul>
  <li>[1] <a href="http://www.theyworkforyou.com/debates/?id=2008-02-19b.236.4#g255.1">Philip Hammond MP</a>, House of Commons, 19 February 2008.</li>
  <li>[2] <a href="http://www.publications.parliament.uk/pa/cm200708/cmbills/073/08073.1-7.html#j003">Transfer of property, rights and liabilities</a>, Clause 6 of Banking (Special Provisions) Bill</li>
  <li>[3] <a href="http://news.bbc.co.uk/2/hi/uk_news/politics/7255834.stm">Northern Rock bill gets approval</a>, BBC, 21 February 2008.</li>
  </ul>
  
  
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  