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Pro demutualisation group questions Leek United board

The pro-demutualisation Leek United Members Group is to report the board of the society to the Building Societies Commission, claiming it improperly rejected members requisition notices.


The group claims the board&#39s rejection shows lack of understanding of the society&#39s rules.


Group chairman Erwin Bengry says: &#34The press release which the board issued incorrectly stated the society&#39s rules. Members who lodged perfectly valid requisition notices were further confused to receive the letter from the chief executive Mr McFadden.


&#34Approximately 50 members have telephoned to voice their concern about the board&#39s actions and failure to comply with the society&#39s rules.&#34

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