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Carpetbaggers renew attacks on Portman

Carpetbaggers are planning a new assault on the mutuality status of Portman Building Society.


Campaigners admit this could be a “last ditch” effort to force a renewed debate on the building society&#39s future status. If it fails there will unlikely be any further attempts.


They are seeking support for three motions criticising directors after the board expelled 400 members who tried to force Portman to convert to a bank.


The motions say that members will not be expelled in the future, condemn the recent expulsion and call on the directors to sign away their windfall rights to charity.


The carpetbaggers need at least 500 two year members of Portman in order for the board to be compelled to consider the motions.

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