Taxes Consolidation Act, 1997 (Number 39 of 1997) 703 Change of status of society. [FA90 s57] (1) In this section and in Schedule 16— “building society” means a building society incorporated or deemed by section 124(2) of the Building Societies Act, 1989, to be incorporated under that Act, and references to “society” shall be construed accordingly; “successor company” means a successor company within the meaning of Part XI of the Building Societies Act, 1989. (2) Schedule 16 shall apply where a society converts into a successor company in accordance with Part XI of the Building Societies Act, 1989.